Question
How is it hoped that the African Continental Free Trade Area will increase economic activity and efficiency?(1 point)
Responses
by restricting Chinese investment in African infrastructure
by restricting Chinese investment in African infrastructure
by reducing the costs of trade
by reducing the costs of trade
by requiring that workers are paid a living wage
by requiring that workers are paid a living wage
by increasing tariffs
Responses
by restricting Chinese investment in African infrastructure
by restricting Chinese investment in African infrastructure
by reducing the costs of trade
by reducing the costs of trade
by requiring that workers are paid a living wage
by requiring that workers are paid a living wage
by increasing tariffs
Answers
GPT-4o mini
The correct response is: **by reducing the costs of trade**.
The African Continental Free Trade Area (AfCFTA) aims to lower trade barriers, such as tariffs and other trade costs, which is expected to increase economic activity and efficiency across member countries.
The African Continental Free Trade Area (AfCFTA) aims to lower trade barriers, such as tariffs and other trade costs, which is expected to increase economic activity and efficiency across member countries.