site - Home x n Academic Record X MBA: Economics Supplementary X + regenius.regenesys.net/mod/quiz/attempt.php?attempt=30836&cmid=5281 12 REGENIUS Course List You can drag and drop files here to add them. 3:08:50 Maximum size for new tiles; 5 MB Question 4 Not yet answered Marked out of 25.00 Flag question Principal international trading partners of South Africa-besides other African countries-include Germany, the United States, China, Japan, the United Kingdom and Spain. Chief exports include corn, diamonds, fruits, gold, metals and minerals, sugar, and wool. According to OEC, in 2021, South Africa exported a total of $143B, making it the number 34 exporter in the world. Required: a) Evaluate South Africa's trade with the rest of the world. Critically discuss the pros and cons of international trade. b) Explain why opportunity cost is the best alternative - forgone; provide three examples of opportunity costs. Discuss the concept of opportunity cost and illustrate using suitable examples. (25 Marks) A BB