Which statement least accurately describes the issues that South America faces regarding trade?
(1 point)
Responses
much of South America's trading involves outside countries
much of South America's trading involves outside countries
frequent trading exists amongst South American countries
frequent trading exists amongst South American countries
coffee is a heavily demanded item that other countries seek from South America
coffee is a heavily demanded item that other countries seek from South America
great concern exists because of the lack of intracontinental trade
The statement that least accurately describes the issues that South America faces regarding trade appears to be "frequent trading exists amongst South American countries." Although South American countries do trade with each other, one of the recognized issues is the relative lack of intracontinental trade compared to their trade with outside countries. Despite initiatives such as Mercosur (Southern Common Market) and other regional trade agreements that aim to boost intra-regional trade, a significant portion of South American trade involves partners from other continents, such as the United States, China, and the European Union.
The other statements regarding the heavy demand for coffee and much of South America's trading involving outside countries accurately reflect the trade patterns and issues within South America. Coffee is indeed a heavily demanded commodity that South America, particularly countries like Brazil and Colombia, export in large quantities. And there is a great concern about the need to increase intracontinental trade within South America.