What is one way Central America countries have worked to improve their economy's?
by reducing the type of goods they trade
by raising tariffs on improved goods
by practicing in free-trade agreements
by imposing embargos on imports from other countries
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One way Central American countries have worked to improve their economies is by participating in free-trade agreements. These agreements involve the reduction or elimination of trade barriers, such as tariffs and quotas, between participating countries. By promoting international trade and attracting foreign investment, Central American nations have sought to stimulate economic growth, create jobs, and increase exports. This strategy allows their economies to have access to larger markets and benefit from the comparative advantages of different countries in the agreement.
1 answer