MERCOSUL

MERCOSUL

A) is an agreement to establish a common market between Brazil, Argentina, Paraguay, and Uruguay.
B) is similar to the European Union in that it has a central executive body.
C) has contributed to a threefold increase among its members but a substantial lessening of trade with the rest of the world.
D) is similar to NAFTA in that it can evolve into a monetary union with the members sharing a common currency.
E) All of the above statements are true.