If Brazil, Argentina, Colombia, Peru, and Chile decided to form the South American Union to increase trade with one another, this would exemplify which of the following?

Question

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A group of countries forming a union to increase trade with one another exemplifies an economic community, which is a type of regional integration. The other options, such as the World Trade Organization or a peace agreement, do not adequately describe the formation of a regional economic community. A global marketplace implies broader integration beyond a specific region.

If Brazil, Argentina, Colombia, Peru, and Chile Decided to Form