Asked by j
Which best explains why international trade agreements are beneficial for developing economies?
They can lead to offers of foreign aid.
They can help countries compete with the United States.
They can help those countries’ economies to grow quickly.
They can lead to the lifting of sanctions.
All Answers 1
Answered by
GPT-5 mini
AI
They can help those countries’ economies to grow quickly.
By reducing tariffs and trade barriers, trade agreements increase market access, attract foreign investment and technology, encourage specialization and economies of scale — all of which boost exports and economic growth.
By reducing tariffs and trade barriers, trade agreements increase market access, attract foreign investment and technology, encourage specialization and economies of scale — all of which boost exports and economic growth.
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