Which of the Following Is a Major Obstacle to the Establishment

question 54

Multiple Choice

Which of the following is a major obstacle to the establishment of the Free Trade Area of the Americas?

• A)The United States wants its southern neighbors to agree to tougher enforcement of intellectual property rights, which they do not want to embrace.
• B)Some constituent nations insist on a common currency, an initiative that has not found support among many nations.
• C)Brazil and Argentina want the United States to open up critical industries such as telecom and airlines.
• D)The major trading blocks in the region, NAFTA and Mercosur, have opposed its establishment.
• E)There is no consensus on trade policies between Brazil and Argentina.

---

Definitions:

Cable TV Market

A sector of the economy that deals with the distribution and provision of cable television services to consumers.

High Price

A term describing goods or services offered at a price above the average or market rate.

Dominant Strategy

In game theory, a strategy that is optimal for a player, irrespective of what the opponent does.

High Price

A price level that is considered to be above the average or standard pricing for a product or service in the marketplace.