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Answer on Other Economics Question for roger

Question #45142
Country W is a small island nation in Asia, whose native population is growing at 5% a year. The main town is situated in the south of the island and is growing fast, as many jobs are based there. The country is a popular tourist destination and beach resorts are located in the coastal areas. Several big hotel chains have built hotels and there are others that would like to buy land to build all-inclusive leisure resorts, with numerous facilities for guests. Apart from tourism, the main industry is fish canning and a large factory is situated in the west of the island. The fishing boats bring their catch into the small port and much of the canned produce is exported to Europe and the US.



q1.Explain why resources of the island need to support more people than just the native population.

2.Identify and explain TWO examples of scarce resources mentioned above.

3.Using the information given, identify and explain TWO examples of natural resources that are being used by the people of Country W.

Expert's answer
Country W is a small island nation in Asia, whose native population is growing at 5% a year. The main town is situated in the south of the island and is growing fast, as many jobs are based there. The country is a popular tourist destination and beach resorts are located in the coastal areas. Several big hotel chains have built hotels and there are others that would like to buy land to build all-inclusive leisure resorts, with numerous facilities for guests. Apart from tourism, the main industry is fish canning and a large factory is situated in the west of the island. The fishing boats bring their catch into the small port and much of the canned produce is exported to Europe and the US.
1.Explain why resources of the island need to support more people than just the native population.
Because the number of goods produces is higher, than the real need of these goods to the population. But as the population of the island needs also money for living and to buy other goods, these goods are exported to Europe and US.
2.Identify and explain TWO examples of scarce resources mentioned above.
The two examples of scarce resources mentioned above are fish and land. Fish is a scarse resource, because it can be catched fully and disappear. Land is also scarce, because the island has certain limitad area.
3.Using the information given, identify and explain TWO examples of natural resources that are being used by the people of Country W.
The two examples of natural resources that are being used by the people of Country W are sea beaches and fish.

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