1.Country A makes most of its money exporting grape and grape-related products, like jellies and juices. Country B also exports grapes, but in addition, it exports olives, fish, and grains. A storm affects both countries, destroying the grape crops.
Which country's economy will experience the most serious impact from the storm?
Country A, because it is a single-resource economy
Country B, because it is a single-resource economy
Country A, because it is a diversified economy
Country B, because it is a diversified economy
2.The table below compares the economies of two countries.
Country A Country B
Primary exports are steel, electronics, lumber, and food products Primary exports are natural gas and wheat
Which statement is accurate based on the information in the table?
Country A's economy is more diversified than country B's economy
Country B's economy is more diversified than country A's economy
The economies of both countries are equal in level of diversification
The economies of both countries can be described as single resource