Emphasizing which economic practice most helps African economies benefit from international trade?

Question

A.
specialization

B.
generalization

C.
raising interest rates

D.
lowering inflation rates

Answer 1

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.