Which of the Following Is a Major Obstacle Confronting the Establishment

question 25

Multiple Choice

Which of the following is a major obstacle confronting the establishment of the Free Trade Area of the Americas (FTAA) ?

• A)United States wants its southern neighbors to agree to tougher enforcement of intellectual property rights and lower manufacturing tariffs.
• B)Some constituent nations insist on a common currency,an initiative that has not found support among many nations.
• C)Brazil and Argentina wants US to open up critical industries such as telecom and airlines.
• D)The move has faced stiff opposition from the two major trading blocks in the region (NAFTA and Mercosur).

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Definitions:

Primary Reasons

The main or most significant causes or motives behind a particular action, decision, or phenomenon.

Merit Pay

is a pay system where employees receive salary increases based on their performance level, encouraging high performance and productivity.

Senior Management

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Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not align with the calendar year.