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hichkok12 [17]
3 years ago
8

If a nation is rich in resources then it can be developed.justify this statement​

Social Studies
1 answer:
Hunter-Best [27]3 years ago
6 0

Answer:

Explanation:

Resources are materials, tools we have in possession to achieve a particular task or objective.

A nation resources is what they have to achieve a particular result. A nation who is well endowed with resources that is needed by other nation becomes an attraction because it will be sought after for its resources and this will surely bring about its development.

A nation whose resources are been sought for generates income which can be used in developing the country.

Innovations, inventions will be found in a nation with resources this makes it developed.

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Opportunity Costs

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A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced
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<h3><u>Answer:</u></h3>

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is <u>protective tariff</u>; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is <u>Revenue tariff.</u>

<h3><u>Explanation:</u></h3>

<u>Protective tariff:</u>  

  • Protective tariff is understood by the tariffs that are enacted by the government with a motive to promote and protect the domestic industries.
  • In protective tariff, government allocates higher tax rate for the products that are imported from foreign countries when the same product is produced in the country.
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<u>Revenue tariff:</u>

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