Question

A major development in South America is:

Multiple Choice

A)the implementation of a single currency and a regional central bank.

B)the growth of intercountry trade, spurred on by the progress toward free-market policies.

C)the privatization of traditionally nationalized industries.

D)the elimination of all trade barriers among member countries.

Answer 1

The major development in South America is the growth of intercountry trade and the progress toward free-market policies.

Step-by-step explanation:

The major development in South America is the growth of intercountry trade, spurred on by the progress toward free-market policies. This development has helped integrate South America with the global economy. The establishment of trade agreements and economic unions among the South American countries has become a standard method of securing business partnerships and enhancing economic opportunities within the region.