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Identify TWO effects of scarcity of resources in the modern world.


A. Nations are economically self-sufficient.

B. Nations depend on one another to obtain goods and services.

C. Nations specialize in certain industries.

D. Nations don't engage in international trade.



Sagot :

Ayfat23idn

The effects of scarcity of resources in the modern world are:

  • Nations depend on one another to obtain goods and services.
  • Nations specialize in certain industries.

What are the effects of scarcity?

The scarcity of resources in economics usually result in different economic trouble such as famine as well as war.

When there is scarcity of resources which is as a result of  essential goods becoming scarce as a result of :

  • exploitation of natural resources
  • poor planning by government economists.

Then the countries will depend on one another to obtain goods and services.

learn more about scarcity at ; https://brainly.com/question/1888324

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