7
QuizMultiple Choice

Globalization and International Trade — Unit test

Question 7 • EA Academy Civics 9

Which is an advantage of having a diversified economy rather than a single-resource economy?

Answer
A
Countries with diversified economies are able to purchase more goods from other countries.
B
Countries with diversified economies provide better educational opportunities for their citizens.
C
Countries with diversified economies offer more social services to people who need them.
D
Countries with diversified economies can rely on other resources if one resource loses value.

Explanation

A diversified economy depends on several industries or resources rather than just one. If one resource loses value, other parts of the economy can help support jobs and income. That makes D, “Countries with diversified economies can rely on other resources if one resource loses value,” the advantage.

AI-written and checked against the verified answer.

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