In 1990, Bolivia, Peru, Ecuador, Colombia, and Venezuela relaunched:Question 10Select one:a.The Andean Pactb.APECc.NAFTAd.MERCOSUR
Question
In 1990, Bolivia, Peru, Ecuador, Colombia, and Venezuela relaunched:
Select one:
- a. The Andean Pact
- b. APEC
- c. NAFTA
- d. MERCOSUR
Solution
Step 1: Break Down the Problem
To determine which agreement was relaunched by Bolivia, Peru, Ecuador, Colombia, and Venezuela in 1990, we need to analyze the provided options.
Step 2: Identify Each Option
- The Andean Pact: Originally established in 1969, it aimed to promote economic integration among Andean countries.
- APEC: The Asia-Pacific Economic Cooperation, formed in 1989, focuses on promoting trade and economic growth in the Asia-Pacific region.
- NAFTA: The North American Free Trade Agreement, created in 1994, involves the United States, Canada, and Mexico.
- MERCOSUR: A South American trade bloc established in 1991, which includes Argentina, Brazil, Paraguay, and Uruguay, among others.
Step 3: Analysis and Detail
In 1990, the countries mentioned were involved in revitalizing the Andean Pact, which had faced difficulties and was in need of reinvigoration. The other agreements listed either were formed later (like NAFTA and MERCOSUR) or were unrelated to the specified countries (like APEC).
Step 4: Verify and Summarize
After analyzing the options, it is clear that the correct answer is the Andean Pact, as it directly involves Bolivia, Peru, Ecuador, Colombia, and Venezuela, which specifically relaunched this trade agreement in 1990.
Final Answer
a. The Andean Pact
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