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Mercosur originated as a(n) _____ between Brazil and Argentina in 1988. common market free trade pact...

Mercosur originated as a(n) _____ between Brazil and Argentina in 1988.

common market

free trade pact

customs union

economic union
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Answer #1

The correct answer is free trade pact.

Free trade area are regions that include group of countries signing the free trade agreement by which there will be minimum or no price control in the form of tariffs or quotas among these countries. Mercosur is an economic and political bloc that include Argentine, Brazil, Paraguay, Uruguay and Venezuela. This was created in order to improve relations between Argentina and Brazil.

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