NAFTA Differs from Mercosur in That NAFTA

question 76

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) is a comprehensive trade agreement that addresses and improves all aspects of doing business within North America.
• E) aimed at establishing a common currency for its Latin American members.

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Definitions:

Hypothetical Thought

The ability to consider and evaluate scenarios, possibilities, and outcomes that are not derived from immediate reality but based on conjecture or possibility.

Concrete Operational Thinking

Refers to the stage in cognitive development, typically occurring between the ages of 7 and 12, where children gain the ability to think logically about concrete events and understand the concept of conservation.

Imagined Possibilities

Imagined possibilities refer to the cognitive ability to envision future scenarios or outcomes that are not immediately present or based on current reality.

Imaginary Audience

A phenomenon where an individual imagines and believes that multitudes of people are enthusiastically listening to or watching them, common in adolescent egocentrism.