Mercosur Economic Integration Concepts

The video provides an overview of Mercosul, its formation in the 1990s, and its role in economic integration in South America. It discusses the stages of economic integration, regional dynamics, and political changes, including member suspensions. The video concludes with a call to action for viewers to engage with the content.

In which year was Mercosur officially established?

• 1989

• 1993

• 1995

• 1991

Which countries were the initial members of Mercosur?

• Brazil, Chile, Uruguay, Argentina

• Brazil, Paraguay, Uruguay, Argentina

• Brazil, Bolivia, Uruguay, Argentina

• Brazil, Peru, Uruguay, Argentina

What is the primary goal of a free trade area?

• To enforce strict immigration policies

• To create a political union

• To reduce or eliminate tariffs

• To establish a common currency

What additional feature does a customs union have compared to a free trade area?

• Common external tariffs

• Free movement of people

• Unified monetary policy

• Shared political governance

Which stage of economic integration involves the free movement of people and coordination of macroeconomic policies?

• Free trade area

• Customs union

• Common market

• Monetary union

Why has Mercosur not yet achieved the status of a common market?

• Lack of a common currency

• No free movement of people

• No common external tariffs

• No political union

Which region of Brazil is most economically integrated with Mercosur?

• Center-South

• North

• West

• Northeast

What was the reason for Paraguay's suspension from Mercosur in 2012?

• Environmental issues

• Trade disputes

• Political instability

• Economic crisis

Which country joined Mercosur in 2012 following Paraguay's suspension?

• Peru

• Bolivia

• Chile

• Venezuela

What was a significant factor for Brazil's support of Venezuela's entry into Mercosur?

• Shared political ideology

• Potential market of 30 million consumers

• Geographical distance

• Cultural similarities