Acceso
Prima
Hogar Banco de preguntas Ciencias económicas
Pregunta
upstudy study bank question image url

Select the correct text in the passage. Which three sentences correctly describe the use of natural resources in economic development? The presence of natural resources is determined by many factors, including the past geology of an area. Places like Saudi Arabia and Norway have been successful in using their oil as a way lo improve their countries and move out of a primary-sector economy. Oll discovery helped transform Dubai into a city with a high standard of living. On the other hand, there are no guarantees to wealth from a country's geology. For example, Ghana has large natural resource reserves and litle cash.

Ask by Bernard Fowler. in the United States
Mar 16,2025

Solución de inteligencia artificial de Upstudy

Respuesta verificada por el tutor

Responder

The three sentences that correctly describe the use of natural resources in economic development are: 1. Saudi Arabia and Norway have used oil to improve their countries. 2. Oil discovery transformed Dubai's standard of living. 3. Natural resources don't always guarantee wealth for a country.

Solución

¡Inicia sesión para desbloquear respuestas gratis!

Una plataforma de aprendizaje en la que confían millones de estudiantes y profesores reales.

star-icon Descubrir

Respondido por UpStudy AI y revisado por un tutor profesional

Bonus Knowledge

The presence of natural resources is determined by many factors, including the past geology of an area. Places like Saudi Arabia and Norway have been successful in using their oil as a way to improve their countries and move out of a primary-sector economy. On the other hand, there are no guarantees to wealth from a country's geology.

preguntas relacionadas

When a prodadion possibility curvo-shifts outwardsitt indraties a) A decroase in resources b) A decrease in technology d) Economic growth d) Economic recession
Ciencias económicas South Africa Mar 19, 2025
ECA115D/ECN105D/EA105D TEST 1 28. In economics, the "HOW" in the production question refers to a) The ways in which factors of production may be combined to produce output b) The way in which firms uses principle of profit maximization c) The way in which the state sets output targets in a command economy d) The problem of scarcity in the economy 29. Adam Smith's concept of the invisible hand suggests that the selfish actions of rational individuals will generate an efficient allocation of scarce resources a) False b) True 30. In the South African economy, the problem of "WHAT TO PRODUCE" is solved primarily by: a) The national Planning Commission b) The South African Reserve Bank c) The South African Revenue Services d) The patterns of consumers spending and direction of government 31. Problems relating to the allocation of the factors of production and the distribution of income exist: a) In socialist economies only b) In capitalist economies only c) In market economies only d) In all economies 32. Which statement best describes the economic system? a) A network of parts interlocked to form a pattern that aims at solving the What, How and For Whom questions in the society. b) Aims at studying the choices economic agents make under conditions of scarcity. c) It explains how the different types of systems are interdependent. d) Coordinating mechanism 33. Which of the following is not a common feature in classifying economic systems? a) Property rights b) Market capitalism c) Planned socialism. d) Traditional system 8
Ciencias económicas South Africa Mar 19, 2025
8 Which one of the following statements is correct a) wants, needs and dernand are escentially simply different terms that havethe came mearing b) Wants and needs are essentially the same but differ from demand c) Needs and demand amount to the same thing d) Dem and differs from wants and needs
Ciencias económicas South Africa Mar 19, 2025
What does the concept of scarcity imply in economies a) Unlimited wants and limited resodices b) Abundance of goods and selvices c) Equal distris tribution of wearth d) Avallability of resources exceeding human need
Ciencias económicas South Africa Mar 19, 2025
Which of the following best describes a production a) A graphical representation of the marimum possosivity einise of two goods that an economy can produce with ith given resources and technotogy b) A chat showing and demand and supply of a single good in the markef C) A diagram lllustrating the distribution of income anong differint sectors of the economy d) A visualization of the price elastcity of demand for vanows prod
Ciencias económicas South Africa Mar 19, 2025

Latest Economics Questions

Required information [The following information applies to the questions displayed below] Sydney Retailtng (buyer) and Troy Wholesalers (setler) enter into the following transactions. May 11 Sydney becepts delivery of \( \$ 40,000 \) of merchandise it purchases for resale from froy: invoice dated May 11 , terms \( 3 / 10, n / 90 \), FOB shipping point. The goods cost Troy \( \$ 30,000 \). Sydney pays \( \$ 399 \) cash to Express Shipping for delivery charges on the merchandtse. May 12 Sydney returns \( \$ 1,900 \) of the \( \$ 40,000 \) of goods to Troy, who receives them the same day and restores them to its Inventory. The returned goods had cost troy \( \$ 1,425 \). May 20 Sydney pays Troy for the amount owed. Troy receives the cash imediately. (Both Sydney and Troy use a perpetual imventory system and the net method) 1. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions Vew transection list
Ciencias económicas United States Mar 19, 2025
Lopez Company reports unadjusted first-year merchandise sales of \( \$ 124,000 \) and cost of merchandise sales of \( \$ 31,000 \). a. Compute gross profit using the unadjusted numbers above. b-1.\&2. The company expects future returns and allowances equal to \( 1 \% \) of sales and \( 1 \% \) of cost of sales. Prepare the year-end adjusting entry to record the sales expected to be refunded and cost side of sales returns and allowances. b-3. Recompute gross profit using the adjusted numbers from parts 1 and 2 . c. Is Sales Refund Payable an asset, liability, or equity account? d. Is Inventory Returns Estimated an asset, liability, or equity account?
Ciencias económicas United States Mar 19, 2025
ECA115D/ECN105D/EA105D TEST 1 28. In economics, the "HOW" in the production question refers to a) The ways in which factors of production may be combined to produce output b) The way in which firms uses principle of profit maximization c) The way in which the state sets output targets in a command economy d) The problem of scarcity in the economy 29. Adam Smith's concept of the invisible hand suggests that the selfish actions of rational individuals will generate an efficient allocation of scarce resources a) False b) True 30. In the South African economy, the problem of "WHAT TO PRODUCE" is solved primarily by: a) The national Planning Commission b) The South African Reserve Bank c) The South African Revenue Services d) The patterns of consumers spending and direction of government 31. Problems relating to the allocation of the factors of production and the distribution of income exist: a) In socialist economies only b) In capitalist economies only c) In market economies only d) In all economies 32. Which statement best describes the economic system? a) A network of parts interlocked to form a pattern that aims at solving the What, How and For Whom questions in the society. b) Aims at studying the choices economic agents make under conditions of scarcity. c) It explains how the different types of systems are interdependent. d) Coordinating mechanism 33. Which of the following is not a common feature in classifying economic systems? a) Property rights b) Market capitalism c) Planned socialism. d) Traditional system 8
Ciencias económicas South Africa Mar 19, 2025
Med Labs has the following December 31 year-end unadjusted balances: Allowance for Sales Discounts, \( \$ 0 \); and Accounts Receivable, \( \$ 6,500 \). Of the \( \$ 6,500 \) of receivables, \( \$ 1,750 \) are within a \( 2 \% \) discount period, meaning that it expects buyers to take \( \$ 35 \) in future- period discounts arising from this period's sales. a. Prepare the December 31 year-end adjusting journal entry for future sales discounts. b. Assume the same facts above and that there is a \( \$ 8 \) year-end unadjusted credit balance in Allowance for Sales Discounts. Prepare the December 31 year-end adjusting journal entry for future sales discounts. View transaction list
Ciencias económicas United States Mar 19, 2025
ECA115D/ECN105D/EA105D TEST 1 28. In economics, the "HOW" in the production question refers to a) The ways in which factors of production may be combined to produce output b) The way in which firms uses principle of profit maximization c) The way in which the state sets output targets in a command economy d) The problem of scarcity in the economy 29. Adam Smith's concept of the invisible hand suggests that the selfish actions of rational individuals will generate an efficient allocation of scarce resources a) False b) True 30. In the South African economy, the problem of "WHAT TO PRODUCE" is solved primarily by: a) The national Planning Commission b) The South African Reserve Bank c) The South African Revenue Services d) The patterns of consumers spending and direction of government 31. Problems relating to the allocation of the factors of production and the distribution of income exist: a) In socialist economies only b) In capitalist economies only c) In market economies only d) In all economies 32. Which statement best describes the economic system? a) A network of parts interlocked to form a pattern that aims at solving the What, How and For Whom questions in the society. b) Aims at studying the choices economic agents make under conditions of scarcity. c) It explains how the different types of systems are interdependent. d) Coordinating mechanism 33. Which of the following is not a common feature in classifying economic systems? a) Property rights b) Market capitalism c) Planned socialism. d) Traditional system 8
Ciencias económicas South Africa Mar 19, 2025
Anterior Próximo
¡Prueba Premium ahora!
¡Prueba Premium y hazle a Thoth AI preguntas de matemáticas ilimitadas ahora!
Quizas mas tarde Hazte Premium
Estudiar puede ser una verdadera lucha
¿Por qué no estudiarlo en UpStudy?
Seleccione su plan a continuación
Prima

Puedes disfrutar

Empieza ahora
  • Explicaciones paso a paso
  • Tutores expertos en vivo 24/7
  • Número ilimitado de preguntas
  • Sin interrupciones
  • Acceso completo a Respuesta y Solución
  • Acceso completo al chat de PDF, al chat de UpStudy y al chat de navegación
Básico

Totalmente gratis pero limitado

  • Solución limitada
Bienvenido a ¡Estudia ahora!
Inicie sesión para continuar con el recorrido de Thoth AI Chat
Continuar con correo electrónico
O continuar con
Al hacer clic en "Iniciar sesión", acepta nuestros términos y condiciones. Términos de Uso & Política de privacidad