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)

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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. A free trade agreement would only cover the reduction or elimination of tariffs on goods traded between the countries, while an economic community involves a deeper level of cooperation and coordination, including the free movement of goods, services, and people across borders. The other options do not accurately describe the situation.

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