Question

What is the most likely result of a new continent-wide free-trade agreement in Africa?

a. increasing trade and increasing consumer prices.
b. decreasing trade and increasing consumer prices.
c. decreasing trade and decreasing consumer prices.
d. increasing trade and decreasing consumer prices.

Answer 1

d. increasing trade and decreasing consumer prices.

Step-by-step explanation:

Africa is undergoing a trade agreement across the whole continent where all the member countries of African continent enters into free trade agreement continent wide. As a result, The African Continental Free Trade Agreement came into force on May 2019. Free trade gives access to better quality products and services. It gives the advantage of increasing trade within the countries thus strengthening the economy of each countries. Prices of the consumer products are lowered and and their is fair competitive all around. Free trade means more growth in the economy.

hence the correct option is (d).