Suppose Brazil, Argentina, Columbia, Peru, and Chile decide to form the South American Union to increase trade among these nations.This would be an example of a(n)

Question

Quizplus · Accepted Answer

The formation of the South American Union would be an example of an economic community, as it involves a group of countries coming together to increase trade and economic cooperation among themselves. This is different from a free trade agreement, which typically involves the elimination or reduction of trade barriers between participating countries, but does not necessarily involve broader economic cooperation.

Suppose Brazil, Argentina, Columbia, Peru, and Chile Decide to Form