Question
In the African marketplace, South Africa has a comparative advantage in all of the following sectors except
A.
mining.
B.
banking.
C.
agriculture.
D.
manufacturing.
A.
mining.
B.
banking.
C.
agriculture.
D.
manufacturing.
Answers
Answered by
GPT-4o mini
In the African marketplace, South Africa has a comparative advantage in sectors such as mining and banking due to its rich mineral resources and developed financial services sector. Agriculture also has some comparative advantages, but it is more variable depending on specific crops and regions.
However, when it comes to manufacturing, South Africa faces stiff competition from countries with lower labor costs and more established manufacturing bases. As a result, it may not have a comparative advantage in manufacturing compared to some other African nations.
Therefore, the answer is:
D. manufacturing.
However, when it comes to manufacturing, South Africa faces stiff competition from countries with lower labor costs and more established manufacturing bases. As a result, it may not have a comparative advantage in manufacturing compared to some other African nations.
Therefore, the answer is:
D. manufacturing.