Which of the following is most likely to help countries in West and Central Africa solve their economic problems?
A. griots
B. microcredit
C. imports of natural resources
D. negative balance of trade
I think the answer is D.
9 answers
Why do you think a negative balance of trade will help solve their economic problems?
I read over it and I think its C now
because they can trade the natural resources
But imports cost money. These nations don't have enough money to take care of their own people, much less buy resources from other countries.
So would it be microcredits? Aren't those like loans, meaning they would have to pay them back?
Yes. Microcredit is right. Small amounts of money are loaned to individuals to start their own small businesses. A woman might use the money to buy a sewing machine. She then makes items to sell to others, including tourists. She pays the loan back with her profits.
Ohhh, thank you so much! I got %100
100%**
Great! :-)
You are welcome.
You are welcome.
1 answer