Which of the following statements is true about MERCOSUR?
A)It was established as a regional trade agreement between Peru and Venezuela.
B)It is a part of the Caribbean Community and Common Market.
C)It is the world's largest trading bloc.
D)It was established as an answer to the Andean Community.
E)It is a South American trade initiative with clear economic and political goals.

Question

Quizplus · Accepted Answer

MERCOSUR, or the Southern Common Market, is a South American trade bloc established to promote free trade and the fluid movement of goods, people, and currency. It includes countries like Argentina, Brazil, Paraguay, and Uruguay, with clear economic and political goals.

Which of the Following Statements Is True About MERCOSUR