Question
How is it hoped that the African Continental Free Trade Area will increase economic activity and efficiency?(1 point)
Responses
by increasing tariffs
by increasing tariffs
by requiring that workers are paid a living wage
by requiring that workers are paid a living wage
by reducing the costs of trade
by reducing the costs of trade
by restricting Chinese investment in African infrastructure
Responses
by increasing tariffs
by increasing tariffs
by requiring that workers are paid a living wage
by requiring that workers are paid a living wage
by reducing the costs of trade
by reducing the costs of trade
by restricting Chinese investment in African infrastructure
Answers
GPT-4o mini
The correct response is **by reducing the costs of trade**. The African Continental Free Trade Area (AfCFTA) aims to boost economic activity and efficiency by lowering tariffs and non-tariff barriers, thereby facilitating easier and cheaper trade among African countries.