Which statement best describes a country with a diversified economy?

Country C has ten percent farmable land and uses all of it to produce corn.

Country D has crude oil reserves and also exports gold and grain.

Country B has wheat crops that make up 90 percent of its trade exports.

Country A imports more goods and services than it exports.

Question

Which statement best describes a country with a diversified economy?

 Country C has ten percent farmable land and uses all of it to produce corn.

 Country D has crude oil reserves and also exports gold and grain.

 Country B has wheat crops that make up 90 percent of its trade exports.

 Country A imports more goods and services than it exports.

anonymous · Answer

@That_Other_Girl

anonymous · Answer

This is another one that also confuses me.

praetorian.10 · Answer

A diversified economy is one that is based on more than one thing. It's based on manufacturing, agriculture, trade, etc. rather than just one of those things. A diversified economy is a economy that focuses on more than one thing like Canada that it doesnt focus only on mining it focuses on other stuff too. The opposite of diversified economy would be Kuwait since the economy is highly depended on oil production.