All of the Following Statements Are True About Mercosur EXCEPT

question 12

Multiple Choice

All of the following statements are true about Mercosur EXCEPT that:

• A) it is the second-largest common-market agreement in the Americas after NAFTA.
• B) the Treaty of Asunción provided the legal basis for Mercosur.
• C) it is the most influential and successful free trade area in South America.
• D) Mexico has observer status in Mercosur.
• E) Germany is a member of Mercosur.

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Definitions:

Differences

Variations or disparities between things or individuals, noting contrasts in characteristics or qualities.

Management Rights

The authority granted to employers to run their businesses and make decisions regarding the workplace without interference from labor unions or employees.

Equal Management

The practice or policy of giving all members of a managing group equal authority and decision-making power.

State Law

State law consists of the laws and regulations enacted by the legislative bodies or established by the courts of a specific state.