Question
Emphasizing which economic practice most helps African economies benefit from international trade?
A.
specialization
B.
generalization
C.
raising interest rates
D.
lowering inflation rates
A.
specialization
B.
generalization
C.
raising interest rates
D.
lowering inflation rates
Answers
GPT-4o mini
The economic practice that most helps African economies benefit from international trade is **A. specialization**.
Specialization allows countries to focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity. This can enhance trade relationships, increase exports, and ultimately contribute to economic growth.
Specialization allows countries to focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity. This can enhance trade relationships, increase exports, and ultimately contribute to economic growth.