Which of the following is most likely to help countries in West and Central Africa solve their economic problems?

A. griots
B. microcredit
C. imports of natural resources
D. negative balance of trade
I think the answer is D.

Why do you think a negative balance of trade will help solve their economic problems?

I read over it and I think its C now

because they can trade the natural resources

But imports cost money. These nations don't have enough money to take care of their own people, much less buy resources from other countries.

So would it be microcredits? Aren't those like loans, meaning they would have to pay them back?

Yes. Microcredit is right. Small amounts of money are loaned to individuals to start their own small businesses. A woman might use the money to buy a sewing machine. She then makes items to sell to others, including tourists. She pays the loan back with her profits.

Ohhh, thank you so much! I got %100

100%**

Great! :-)

You are welcome.

To determine the most likely solution to help countries in West and Central Africa solve their economic problems, let's break down the options:

A. Griots: Griots are traditional oral historians and storytellers in West Africa. While they play an important role in preserving cultural heritage and tradition, they are not directly linked to solving economic problems.

B. Microcredit: Microcredit refers to the provision of small loans to individuals with little or no collateral, allowing them to start or expand entrepreneurial activities. This approach has been successful in many developing countries, including Africa, by empowering individuals to start their own businesses and generate income. Therefore, microcredit is a potential solution to economic problems in West and Central Africa.

C. Imports of natural resources: Importing natural resources may provide some economic benefits, particularly through export revenue. However, relying heavily on natural resource extraction can lead to environmental damage, economic dependency, and vulnerability to price volatility. Therefore, while it may contribute to economic growth, it may not address all economic problems.

D. Negative balance of trade: A negative balance of trade occurs when a country's imports exceed its exports, leading to a trade deficit. This is not a solution to economic problems but rather an indication of imbalances in trade. A negative balance of trade can contribute to economic challenges, including currency devaluation and debt accumulation.

Based on the analysis above, it is clear that the most likely solution to help countries in West and Central Africa solve their economic problems is option B: microcredit. This approach empowers individuals, stimulates entrepreneurship, and generates income, all of which can contribute to sustainable economic development.