Question

What is one advantage a country with a diverse economy has over countries with a single resource economy?

The ability to produce a variety of goods and services.

The ability to make a single product more efficiently.

The ability to control the stock market for specific product.

The ability to provide a very specialized service.

Answer 1

The ability to produce a variety of goods and services.: this ability ensures an economic source even if one part of the market collapses or becomes outdated.

Diversified economies are more likely to be self-sufficient as well as longer lasting. The economy can help to support within itself and continue to build. When a sector leaves, the country will become dependent on an outside source for that sector. 

Answer 2

Answer:

Hi there!

I am also doing this Unit Exam in FLVS!

The answer would be A, 1. or the first one, and I am sure of it.

What is one advantage a country with a diverse economy has over countries with a single resource economy?

The ability to produce a variety of goods and services <---- My answer

The ability to make a single product more efficiently

The ability to control the stock market for a specific product

The ability to provide a very specialized service

Have a good one!

~Real