Which of the Following Is True of Brazil's Participation in the Regional

question 17

Multiple Choice

Which of the following is true of Brazil's participation in the regional trade agreement MERCOSUR?

• A)The formation of MERCOSUR required member countries to raise tariffs on imports from other members.
• B)Brazil opposes the acceptance of new countries into MERCOSUR for fear of having its own exports undercut.
• C)Brazil's trade with MERCOSUR members now accounts for nearly half of its total exports.
• D)Disputes over currency valuation between Brazil and Argentina have been the chief dispute within MERCOSUR.
• E)Brazil withdrew from MERCOSUR after allegations of currency fixing were leveled at the da Silva administration.

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