Which of the Following Is True of the Andean Pact

question 23

Multiple Choice

Which of the following is true of the Andean Pact during the mid-1980s?

• A)Tariff-free trade existed between member countries.
• B)Harmonization of economic policies between member countries had been achieved.
• C)Successful integration of member economies had been achieved.
• D)The Pact had failed to achieve the objective of a common external tariff.
• E)The dominant political ideology in many of the Andean countries tended toward democracy.

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Definitions:

Quorum Requirements

The minimum number of members who must be present at any of its meetings to make the proceedings of that meeting valid.

Directors

Members of a corporation's board responsible for making major decisions and overseeing the managerial aspects of the company's operations.

Corporate Earnings

The profit a company makes after deducting all costs, expenses, interest, and taxes from its total revenue.

Implied Authority

Implied Authority refers to the powers not explicitly granted but deemed necessary to carry out the duties officially entrusted to an individual or entity.