Which of the following is on a path toward full economic unity?
A)The NAFTA
B)The EU
C)The MERCOSUR
D)The CAFTA

Question

Quizplus · Accepted Answer

The EU, or European Union, is the only option that has already achieved a high level of economic unity, with a single market, currency (in many member states), and common trade policies. NAFTA (North American Free Trade Agreement), MERCOSUR (Southern Common Market), and CAFTA (Central American Free Trade Agreement) are all regional trade agreements but do not have the same level of economic integration as the EU.

Which of the Following Is on a Path Toward Full