Why Do Countries Differ In Their Capacities To Produce Different Goods And Services? Why do countries differ in their capacities to produce different goods and services? Because every country has a different productive level when it comes to producing goods and services. … They benefit by using the money they earn to buy goods and
Which Country Has A Comparative Advantage In Producing Food And Which Country Has A Comparative Advantage In Producing Televisions? The United States would trade food to Canada and Canada would trade televisions to the United States. We see that the United States can produce food less expensively than Canada can, so the United States has
How Does Natural Resources Affect A Country? Natural resources, both renewable and non-renewable, and ecosystem services are a part of the real wealth of nations. They are the natural capital out of which other forms of capital are made. They contribute towards fiscal revenue, income, and poverty reduction. What country has a few natural resources?
How Does Technology Affect The Environment? Resource depletion is another negative impact of technology on the environment. … There are several types of resource depletion, with the most severe being aquifer depletion, deforestation, mining for fossil fuels and minerals, contamination of resources, soil erosion and overconsumption of resources. How does technology positively and negatively affect
What Affects The Standard Of Living? The standard of living is measured by things that are easily quantified, such as income, employment opportunities, cost of goods and services, and poverty. Factors such as life expectancy, the inflation rate, or the number of paid vacation days people receive each year are also included. What causes the
What Is The Problem With Natural Resource Wealth? Countries with large endowments of natural resources, such as oil and gas, often perform worse in terms of economic development and good governance than do countries with fewer resources. What are the problems of natural resources? The world is facing incredibly serious natural resource and environmental challenges: