Mercosur: History, Countries, Objectives, and Characteristics

What does the acronym Mercosur stand for?

• Market Common of the South

• Market Cooperation of the South

• South American Trade Union

• Southern Economic Alliance

Which country is currently suspended from Mercosur?

• Venezuela

• Mexico

• Bolivia

• Chile

What is the main requirement for a country to join Mercosur?

• Signing the Treaty of Assunção

• Possessing a democratic government

• Being located in South America

• Having a strong economy

Which of the following is NOT an official language of Mercosur?

• French

• Spanish

• Guarani

• Portuguese

What is the primary goal of Mercosur?

• To establish a single currency

• To expand trade with Europe

• To promote integration through free movement of goods and services

• To create a military alliance

Which treaty marked the official creation of Mercosur?

• Treaty of Montevideo

• Treaty of Ouro Preto

• Treaty of Assunção

• Treaty of Olivos

What is the population of Mercosur countries combined?

• Approximately 200 million

• Approximately 295 million

• Approximately 350 million

• Approximately 500 million

Which sector is considered fragile in Mercosur economies?

• Agriculture

• Commerce and services

• Mining

• Automobile industry

What is the official motto of Mercosur?

• Together for Progress

• Unity in Diversity

• Strength in Trade

• Our North is the South

Where is the headquarters of Mercosur located?

• Buenos Aires, Argentina

• Asunción, Paraguay

• Montevideo, Uruguay

• Brasília, Brazil