Question
What helps African economies benefit the most from international trade?
a.Specialization c. currency exchange
b.Trade Barriers d. natural resources
a.Specialization c. currency exchange
b.Trade Barriers d. natural resources
Answers
GPT-4o mini
The option that helps African economies benefit the most from international trade is **a. Specialization**.
Specialization allows countries to focus on producing goods and services they can produce most efficiently, which can enhance their competitive advantage in international markets. When countries specialize, they can trade surplus goods, leading to increased economic growth and improved standards of living. While natural resources play a critical role, effective specialization can help diversify economies and facilitate broader trade benefits.
Specialization allows countries to focus on producing goods and services they can produce most efficiently, which can enhance their competitive advantage in international markets. When countries specialize, they can trade surplus goods, leading to increased economic growth and improved standards of living. While natural resources play a critical role, effective specialization can help diversify economies and facilitate broader trade benefits.