what is one way Central American countries have worked to improve their economies a. by reducing the type of goods they trade b. by raising tariffs on imported goods c. by participating in free trade agreement d. by imposing embargos on imports from other countries
1: The economy of Mexico relies heavily on MANUFACTURING while the economy of Costa Rica is helped by ECOTOURISM.
2: Belize's government is different from the governments of most Central American countries because Belize IS A PARLIAMENTARY DEMOCRACY.
3: By participating in free-trade agreements
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The correct answer is c. by participating in free trade agreements.
To arrive at this answer, we can eliminate options a, b, and d, as they do not align with the goal of improving economies.
Option a, reducing the type of goods they trade, would limit economic growth by narrowing the range of products available for trade.
Option b, raising tariffs on imported goods, also restricts trade and can lead to a decrease in economic activity and higher prices for consumers.
Option d, imposing embargoes on imports from other countries, is an extreme measure that usually has negative consequences, such as reduced trade and strained diplomatic relationships.
On the other hand, option c, participating in free trade agreements, promotes economic growth by providing countries with access to larger markets and attracting foreign investment. Free trade agreements remove barriers to trade, such as tariffs and quotas, leading to increased export opportunities and overall economic development.