True or False. The second largest common market agreement in the Americas, calls for a common market that would eventually allow for the free movement of goods, capital, labor, and services among the member countries, with a uniform external tariff, with no central institutions.

Yes it is true that The second largest common market agreement in the Americas, calls for a common market that would eventually allow for the free movement of goods, capital, labor, and services among the member countries, with a uniform external tariff, with no central institutions.

Explanation:

The second Largest common market agreement is comprehensive trade agreement among Canada, Mexico, and the United States that creates one of the largest and richest markets in the world.

The comprehensive trade agreement also addresses doing business within North America

Common markets eliminate all tariffs and other restrictions on internal trade, adopts a set of common external tariffs, and removes all restrictions on the free flow of capital and labor among member nations, common marketplace for goods, services, and capital, unified economy and any profession could go to other countries and work.

True.

Explanation:

Mercosur a Spanish word is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994.

It is the second largest common market agreement in the Americas, after the North American Free Trade Agreement (NAFTA).

It calls for a common market that would eventually allow for the free movement of goods, capital, labor, and services among the member countries, with a uniform external tariff, with no central institutions.

Mercosur has become the most influential and successful free trade area in South America.

The member countries are Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay.