Lowering the cost of production per unit increases the value of the product to an average consumer.

True or False?

Which of the following is a feature of Mercosur?

A). Absence of a common external trade policy with regard to nonmembers

B). Establishment of barriers to the free flow of goods between member nations

C). Lack of administrative machinery to oversee trade relations with nonmembers

D). Free movement of factors of production between member nations

E). Mandatory use of a common currency among member nations

Both the answer and explanation.