Costs of compliance and non-compliance


Question 1: Identify advantages and disadvantages of being a member of the North American Free Trade Agreement (NAFTA) and the Latin-American Integration Association (ALADI) regional trading blocs. Identify membership conditions for NAFTA and ALADI regional trading blocs and determine whether these will have a positive or negative impact on the bilateral or multilateral relations with the United States.

Question 2: Assess the costs of compliance and non-compliance with regional trading bloc rules and regulations.

Question 3: Analyze the impact of trade transactions among member countries, non-member countries, and other trade blocs.

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Microeconomics: Costs of compliance and non-compliance
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