Reference no: EM131028203
Macro economics
A quarter century ago Canada, Mexico and the United States formed a customs union, known as NAFTA. This is not a common market, and indeed there are an estimated 7 to 10 million illegal immigrants living in the United States, many of whom are Mexicans. Furthermore, "illegal drugs are the most successful Mexican multinational enterprise, employing some 450,000 Mexicans and generating about $20 billion in sales, second only behind the country's oil industry and automotive industry exports". (Source: David Luhnow, "Saving Mexico", WSJ, December 26, 2009.)
A) Distinguish between a customs union and a common market.
B) Explain why there has been a growth in the underground economy of the United States.
C) Evaluate the following non-exclusive means of diminishing the underground economy:
1) Transform NAFTA into a common market.
2) Legalize drugs.
3) Increase both the surveillance by the IRS of the 30 million businesses in the United States and reform the tax system by introducing, for example, a value added tax.
4) Increase the effectiveness of surveillance of social security recipients from gaining income from the underground economy.
|
In how many ways can we give presents
: We have 20 kinds of presents; and we have a large supply of each kind.
|
|
Analyse annual reports of your chosen companies
: Making sense of company executives' compensation and employee benefits through the lens of cultural effects. How the conceptual framework revision to include Prudence is likely to address the disparity in Corporate Reporting.
|
|
An early warning security fence has three major components
: An early warning security fence has three major components that each must perform in order for the system to perform. Their reliabilities are 0.58, 0.73, and 0.66. The reliability of this system is not very good. To improve reliability a backup compo..
|
|
Businesses such as value chain activities-brand recognition
: The Walt Disney Company is in the following businesses: Theme Parks, Cruise Lines, Resorts, Movies, Television, Radio, Music Recording, Baseball, Publishing, and Retail. How would you classify Walt Disney Corporation's business diversification strate..
|
|
Distinguish between a customs union and a common market
: Distinguish between a customs union and a common market. Explain why there has been a growth in the underground economy of the United States.
|
|
What is the probability that this system of three lines
: A communications network has a built-in safeguard system against failures. In this system if line I fails, it is bypassed and line II is used. If line II also fails, it is bypassed and line III is used. The probability of failure of any one of the..
|
|
What is hospitals responsibility to provide care to indigent
: What is a hospitals responsibility to provide care to the indigent and how does the responsibility differ among emergent care, non-emergent care, private hospital, public hospital, profit and not for profit hospitals?
|
|
What is the probability that all four will pass
: Four unsuspecting drivers take their autos to the station for inspection on four different days and randomly select one of the two teams. If all four cars are new and in excellent condition, what is the probability that three of the four will be re..
|
|
Explain why the madoff scam could exist for so long
: Explain why the Madoff scam could exist for so long. Explain why manias and financial frauds will continue to occur and why they are difficult to extinguish.
|