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    Unification of Canada, US and Mexico as single economy

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    Canada, the United States and Mexico are clearly separate countries. Does this fact alone imply a lower standard of living in each of the three countries compared to the situation where they are united into a single new country?

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    Solution Preview

    First of all this is a issue of Macro Economics. The country's standard of living is determined by following factors:
    1. National Income 2. Literacy levels 3. Employment 4. Health Standards
    5. Physical and Social Infrastructure 6. Per ...

    Solution Summary

    This solution explains the impact of unification of Canada, US and Mexico on their economies.