NAFTA Differs from Mercosur in That NAFTA

question 72

Multiple Choice

NAFTA differs from Mercosur in that NAFTA

• A) was provided legal basis by the Treaty of Asunción.
• B) is the second-largest common-market agreement in the Americas after Mercosur.
• C) includes Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay.
• D) aims to address and improve all aspects of doing business within North America.
• E) aims to establish a common currency for its Latin American members.

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Definitions:

Consensus

A general agreement or collective unanimity among a group of people, especially in decision-making processes.

Distinctiveness

The quality of being easily distinguishable or unique compared to others.

Internal Attribution

The process of attributing the cause of a person's behavior to internal personality traits, motives, or attitudes.

Self-Serving Bias

The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.