Question

According to Alexander YeatsA) the trade diversion effects of Mercosur outweigh its trade creation effects.B) the fastest growing items in intra-Mercosur trade were capital-intensive goods produced efficiently in the member countries.C) Mercosur countries will be able to compete globally once the group's external trade barriers come down.D) the customs union is becoming more perfect over time.

Answer 1

Answer:

C) Mercosur countries will be able to compete globally once the group's external trade barriers come down

Explanation:

Mercosur's purpose is to promote free trade and the fluid movement of goods, people, and currency.