What Is a Vulnerability in a Country Such as Mongolia

question 14

Multiple Choice

What is a vulnerability in a country such as Mongolia, where reliance on an industry based in natural resources (mining) has been a key factor in fostering economic growth?

• A) Growth in the natural resource endowment in other countries could allow them to catch up with the country relying on natural resources to foster its growth.
• B) The prices of primary products (such as minerals and oil) are typically more stable than the prices of manufactured products, reducing growth potential.
• C) The endowment of natural resources typically expands more rapidly than other resources.
• D) The endowment of a nonrenewable natural resource (such as minerals or oil) could run out.

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Definitions:

Consumer Socialization

Consumer socialization is the process by which young consumers develop purchasing skills, values, and behaviors, influenced by familial and societal factors.

Skills

The abilities or expertise acquired through training or experience that enable an individual to perform tasks effectively.

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor, shaped by past experiences and influences.

Family Life Cycle

A series of stages through which a family goes over time, including changes in family composition, finances, and needs.