Question

An economy that is based on mining or producing raw materials to be used in foreign industries is called

A. an extractive economy.
B. an export economy.
C. a feudal economy.
D. an industrial economy.

Answer 1

The answer is letter A.

The explanation for the letter A being the right alternative is that an extractive economy is one that, in short, has all the economic activities in the collection of natural products, whether these products of animal, vegetal or mineral origin, this type of activities includes mining and as has already been said, extraction of raw material.

Answer 2

An economy that is based on mining or producing raw materials to be used in foreign industries is called an extractive economy. The correct answer is A.