When a country such as Russia relies heavily on just a few natural resources to back its economy, Blank______ is a likely resulting problem. Multiple select question. inequality democracy corruption political unrest overdevelopment of other economic sectors
Question
When a country such as Russia relies heavily on just a few natural resources to back its economy, Blank______ is a likely resulting problem.
Multiple select question.
inequality
democracy
corruption
political unrest
overdevelopment of other economic sectors
Solution
The likely resulting problems when a country like Russia relies heavily on just a few natural resources to back its economy could be:
-
Inequality: This can occur because the wealth generated from these resources may not be evenly distributed among the population, leading to a gap between the rich and the poor.
-
Corruption: The control and management of these resources can lead to corruption, especially if the resources are not managed transparently.
-
Political unrest: If the wealth from these resources is not distributed fairly, or if there is perceived corruption in the management of these resources, it can lead to political unrest.
The option "overdevelopment of other economic sectors" is not likely a resulting problem. In fact, reliance on a few resources often leads to underdevelopment of other sectors as the economy becomes overly dependent on these resources.
The term "democracy" is not a problem but a form of government. Therefore, it doesn't fit in the context of the question.
Similar Questions
Select all that applyExternal economies can arise if the concentration of an industry's firms in a given area gives rise to Blank______. Multiple select question.large pools of specialized laborcontrol by the firms of regional political powerthe rapid diffusion of industry-specific knowledgethe establishment of many suppliers of specialized business services
Poverty and the exploitation of natural resources usually results in __________ unless proper measures are taken to prevent it.Group of answer choicescivil warenvironmental degradationout migrationsocial equalityeconomic equality
Economic problem means scarcity of resources.Question 5AnswerTrueFalse
Income inequality tends to be highest in Blank______.Multiple choice question.low-income countrieshigh-income countries
Multiple Choice QuestionA decline in the international value of its currency will reduce a nation's Blank______.Multiple choice question.importsterms of tradebalance of paymentsofficial reserves
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.