QUESTION 1

Why do you think it is difficult to slow down the growth of grey and black markets around the world?

QUESTION 2

You are to choose a country and research its regulatory practices for businesses. Focus on at least 2 regulations from the list below. You are to jot a word newspaper article in which you report how these regulations affect at least 2 of the following: businesses, markets, workers, or consumers (Newspaper articles must include the following criteria: who, what, where, when, why, and how).

Regulations against insider trading

Fraudulent practices

Discriminatory hiring practices

Environmental

Labelling and signage

Accessibility

Health and safety regulations

Minimum wages

Working conditions

Antitrust legislation

Marketing boards

Some questions to consider:

1 How does regulation of business affect consumer choices?

2. How are international trade opportunities affected by national and local business regulations?

3. Why might a foreign investor choose not to invest in a country with complicated or seemingly arbitrary business regulations?

4. Why do some countries have weaker health and safety and/or environmental regulations than others?