Asked by Srishti Sharma on May 05, 2024
Verified
Japan has one of the most developed economies in the world because Japan is rich in natural resources.
Natural Resources
Raw materials supplied by nature that are used to produce goods and services.
- Identify the importance of natural resources and human capital in the economic development of a country.
Verified Answer
AS
abdelhadi shneiaktMay 07, 2024
Final Answer :
False
Explanation :
Japan is actually poor in natural resources and relies heavily on advanced technology, innovation, and trade to maintain its well-developed economy. It is the world's third-largest economy despite having limited natural resources.
Learning Objectives
- Identify the importance of natural resources and human capital in the economic development of a country.
Related questions
Poor Economies Tend to Have High Education Levels and High ...
If Developed Economies Want to Grow Faster,they Can Do So ...
Countries with a High Level of Human Capital Can Make ...
Human Capital Is an Important Ingredient in the Economic Growth ...
Which of the Following Demonstrates Human Capital and Physical Capital ...