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

1 answer

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.