Which of the following is true of Alexander Yeats's criticism of the Andean Pact?
A)He pointed out that the slowest growing items in intra-Mercosur trade were cars, buses, agricultural equipment, and other capital-intensive goods.
B)He believed that the trade creation effects of Mercosur outweighed its trade diversion effects.
C)He felt that Mercosur countries were prepared to compete globally once the group's external trade barriers came down.
D)He pointed out that Mercosur countries were insulated from outside competition by tariffs that run as high as 70 percent of value.
E)He felt that capital was being drawn toward more efficient enterprises.

Question

Quizplus · Accepted Answer

Mercosur had its critics, including Alexander Yeats, a senior economist at the World Bank, who wrote a stinging critique. Yeats pointed out that the fastest growing items in intra-Mercosur trade were cars, buses, agricultural equipment, and other capital-intensive goods that are produced relatively inefficiently in the four member countries.

Which of the Following Is True of Alexander Yeats's Criticism