QUESTION #1 (40 points)
Suppose that the Trump administration has decided to reconsider the Pacific Trade Pact that they declined to participate in last year.
A) Based on quality sources that you provide references for, clearly explain what the Pacific Trade Pact is and how it could be improved.
B) Based on specific components of chapters 18 and 19 from the course text that were assigned for Week #8, describe items of primary importance to making this pact one that the United States economy and the rest of economies will benefit from being part of. NO CREDIT WILL BE GIVEN FOR THIS QUESTION UNLESS CONTENT FROM THE TEXT IS INCLUDED AND CITED.
C) Based on your work in B) and material from chapters 18 and 19, provide an overview of the revised Pacific Trade Pact that could be easily understood by readers who are not familiar with it.
QUESTION #2 (20 points)
Recently the United States has been imposed a growing number of tariffs on imports from China. Suppose that other countries around the world begin imposing similarly broad tariffs on the United States and each other. Based on what you have learned in the course, how do you think the global economy and specific industries within it would be affected?
QUESTION #3 (20 points)
A public nature area in your town has become badly polluted by some of the people using it who leave their garbage behind. What economic concept describes this? If you were given the job of creating economic incentives to improve the quality of the area, what would they be and how would they work?
Commercials in acclaimed daily papers and magazines will be given for the Mini Cooper. Appealing trademarks like “Smaller than normal HITS INDIAN ROADS” will be given on magazines and daily papers with bright pictures of Mini Cooper. Notices in TVs will wind up livelier with the nearness of superstars with the Mini Cooper. Radio promotions will likewise be given. Media will cover the significant piece of ad contrasted with alternate kinds. Bulletins: are vast open air publicizing structures. An announcement exhibits huge promotions to passing people on foot and drivers. It is exceedingly unmistakable in the best assigned market zones. Bulletin promotions are intended to get a man’s consideration and make a paramount impression rapidly, leaving the peruser contemplating the ad after they have driven past it. They must be comprehensible in a brief span since they are generally perused while being passed at high speeds. Along these lines there are normally just a couple of words, in extensive print, and a clever or capturing picture in splendid shading. Alluring boards with noteworthy hues and trademarks will be put at numerous spots in the city. These will assist the shoppers with being mindful of the auto. The bulletins will be extremely basic and clear for people in general. The autos will be imprinted on the bulletins. Announcements are extremely valuable for the general population to think about the starting of the item. Street SHOWS: are sorts of ad of the item. Fundamentally a street demonstrate is only a show of autos out and about in people in general. These street shows will be alluring to clients as they see them out and about. Some number of Mini’s will be driven out and about in the city so individuals end up acclimated with the item dispatch. Furthermore, they will likewise be stopped close by the street as a street appear. Distinctive shades of Mini Cooper will likewise be out and about show. Rebates and offers will be given to the clients on the beginning time for the advancement of item in the market. It is essential since clients are more pulled in towards markdown and offers. Astonishment endowments will be given to the initial fifty clients who book Mini Cooper. The clients will be furnished with the office of Mini Cooper benefit stations in Mumbai and Delhi. Initial two administrations will be free of cost for the auto. Autos will be picked and dropped at the clients put for administration and it will likewise be for nothing out of pocket. Embellishments like seat covers, amalgam wheels, music player and so forth will be accessible at the showroom. Clients can get them at lesser costs. CONCLUSION: In this manner the starting of Mini Cooper will be done viably and effectively. Consumer loyalty is more essential for a sound business. We will guarantee to give our best to our clients to fulfill them. Smaller than usual Cooper will keep up its level of brand and will turn into an extraordinary accomplishment in India. With its awesome achievement Mini Cooper will be propelled in more urban areas with more models in India.>