ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal taxes
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Natural resources
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Either A or B
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None of the above
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Detailed explanation-1: -The shares of the top five natural resource exports in 2020 were manufactured wood products (21.9 per cent), crude oil (19.5 per cent), non-ferrous metal products (18.2 per cent), manufactured paper products (16.7 per cent) and peat (8.1 per cent).
Detailed explanation-2: -Natural resources are used to make food, fuel and raw materials for the production of goods. All of the food that people eat comes from plants or animals. Natural resources such as coal, natural gas and oil provide heat, light and power.
Detailed explanation-3: -With a total natural resource value of 45 trillion U.S. dollars, the U.S. is the second leading country worldwide based on natural resource value after Russia. Among the main contributors to the United States’ natural resource value are coal, timber, natural gas, gold, and copper.
Detailed explanation-4: -Water. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. Air. Coal. Oil. Natural gas. Phosphorus. Bauxite. Copper. More items