Developing countries need to trade with developed countries because _____
A) developing countries need to adopt the advanced ways of life seen in developed countries.
B) developing countries need the primary products that developed countries export.
C) developing countries lack unskilled labor, which they get from developed countries.
D) developing countries need technology and capital to increase productivity on farms, in factories, in office, and in homes.
E) developing countries export capital to developed countries and increase their foreign exchange reserve.

Question

Quizplus · Accepted Answer

Developing countries often struggle with low productivity due to lack of technology and capital. Trading with developed countries allows them to acquire these resources and increase productivity in various sectors. This can lead to economic growth and development. Additionally, trading allows developing countries to export their own products and earn income, which can also contribute to their economic development. Therefore, Option D is the most appropriate reason why developing countries need to trade with developed countries.

Developing Countries Need to Trade with Developed Countries Because _____