In the 1970s, the island of Nauru had one of the highest per capita incomes in the Oceania region due to extensive _______ mining.
A. copper
B. phosphate
C. gold
D. nickel
Answer (3)
C. phosphate At the time being Nauru had one of the highest GDP per capita. However the reserves of phosphates were exhausted, which caused economic downfall. Government of Nauru tried to diversify it's budget be encouraging offshore banking.
Currently economy of Nauru is based on banking, fishing and phosphate mining (deeper layers of phosphates were found)
The correct answer is B. Phosphate
The Island of Nauru got very rich based on its phosphate deposits. (The story of Nauru is fascinating.
The answer to the question is B. phosphate, as extensive phosphate mining made Nauru one of the richest countries in the 1970s in terms of per capita income. However, the mining also led to environmental challenges and an economic decline after the phosphate reserves were depleted. Today, Nauru continues to adapt its economy, relying on fishing and banking amidst the effects of its mining history.
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