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Australia Accounts for Almost Half of the Iron Ore Exports in the World. How Has Australia Benefited by Selling Its Iron Are in the

Question

Australia accounts for almost half of the iron ore exports in the world. How has Australia benefited by selling its iron are in the global market?
A. the price of iron ore in Australia has gone down
B B. Australia is able to increase sales in foreign markets
C. Australia has helped other countries to build their infrastructure
D. other nations have helped Australia by using its natural resource

Australia accounts for almost half of the iron ore exports in the world. How has Australia benefited by selling its iron are in the global market? A. the price of iron ore in Australia has gone down B B. Australia is able to increase sales in foreign markets C. Australia has helped other countries to build their infrastructure D. other nations have helped Australia by using its natural resource

Solution

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Roberto Mestre · Tutor por 5 anos

Resposta

The correct answers are B and C.

Explicação

## Step 1The problem is asking about the benefits Australia has gained from selling its iron ore in the global market. The options provided are:A. the price of iron ore in Australia has gone downB. Australia is able to increase sales in foreign marketsC. Australia has helped other countries to build their infrastructureD. other nations have helped Australia by using its natural resource## Step 2We need to analyze each option in relation to the question. ## Step 3Option A suggests that the price of iron ore in Australia has gone down. This doesn't necessarily mean that Australia has benefited from selling its iron ore. The price of iron ore can fluctuate due to various factors, and a decrease in price doesn't necessarily mean a benefit.## Step 4Option B suggests that Australia is able to increase sales in foreign markets. This is a direct benefit of selling iron ore in the global market. By selling iron ore, Australia can increase its sales and revenue.## Step 5Option C suggests that Australia has helped other countries to build their infrastructure. This is also a benefit of selling iron ore. Iron ore is a key ingredient in the construction of infrastructure, so by selling it, Australia is helping other countries to build their infrastructure.## Step 6Option D suggests that other nations have helped Australia by using its natural resource. This is not a benefit of selling iron ore. It's a reciprocal relationship, not a benefit.