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

question 98

Multiple Choice

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.