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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 Summary

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

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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 ...

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