{"id":123945,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/distinguish-between-a-customs-union-and-a-common-market"},"modified":"2017-08-12T07:49:24","modified_gmt":"2017-08-12T07:49:24","slug":"distinguish-between-a-customs-union-and-a-common-market","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/distinguish-between-a-customs-union-and-a-common-market\/","title":{"rendered":"Distinguish between a customs union and a common market."},"content":{"rendered":"
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Distinguish between a customs union and a common market.<\/h2>\n

Distinguish between a customs union and a common market.
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, \u201cillegal 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\u2019s oil industry and automotive industry exports\u201d. (Source: David Luhnow, \u201cSaving Mexico\u201d, WSJ, December 26, 2009.)
A) Distinguish between a customs union and a common market.<\/p>\n

B)Explain why there has been a growth in the underground economy of the United States.<\/p>\n

C)Evaluate the following non-exclusive means of diminishing the underground economy:<\/p>\n

1.Transform NAFTA into a common market.<\/p>\n

2.Legalize drugs.<\/p>\n

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.<\/p>\n

4.Increase the effectiveness of surveillance of social security recipients from gaining income from the underground economy.<\/p>\n

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