Asked by Maria Rodarte on Apr 28, 2024
Verified
It is possible for a country without a lot of domestic natural resources to have a high standard of living.
Domestic Natural Resources
Natural assets found within a country's borders, such as minerals, forests, water, and fertile land.
Standard Of Living
The level of wealth, comfort, material goods, and necessities available to a person, group, or society.
- Understand the relationship between natural resources and standard of living.
Verified Answer
VS
Vanessa SparrowMay 03, 2024
Final Answer :
True
Explanation :
Countries can achieve a high standard of living through various means such as a strong service sector, technological innovation, and international trade, which do not solely depend on domestic natural resources.
Learning Objectives
- Understand the relationship between natural resources and standard of living.
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