NAFTA Differs from Mercosur in That NAFTA

question 72

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) aims to address and improve all aspects of doing business within North America.
• E) aims to establish a common currency for its Latin American members.

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Definitions:

Public Schools

Educational institutions that are funded and operated by government agencies to offer free education to students through taxes collected from the public.

Selective Incorporation

A constitutional doctrine that ensures states cannot enact laws that infringe on the rights of citizens protected by the Bill of Rights.

Eminent Domain

The right of a government or its agent to expropriate private property for public use, with payment of compensation.

Alien and Sedition Acts

A series of laws passed in 1798 that restricted the activities of foreign residents in the United States and limited freedom of speech and of the press.