Aug 03, 2017

International Economy (H.W 3)

This paper concentrates on the primary theme of International Economy (H.W 3) in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

International Economy (H.W 3)

Find the attachments please and Write direct short answers underneath each of the questions (not essay!). -For sources use: 1- International Economics (13th edition) by Richard J. Carbaugh. ISBN-10: 1439038945 2- The World is Flat: a Brief History of the Twenty-first Century by Thomas L. Friedman ISBN-10: 0374292884. ISBN-13: 9780374292881 you may use more sources if you wish.
Name:Instructor:Course:Date of submission:INTERNATIONAL ECONOMY (H.W3)Chapter 6Question 1Intellectual property abbreviated as IP, refers to the mind creations such as artistic and literary works, inventions, and names, symbols, designs and images that are used in commerce. Intellectual property is classified in two groups, the first group is known as Industrial property, which entails trademarks, inventions (patents), source geographic indication, industrial designs among others. The second group is called Copyright and it includes artistic works like; films, plays and poems, novels, musical works, work of arts like drawing, architectural designs.Intellectual property plays a big role to the state and national economies. Numerous industries around across the economy depend on enough enforcement of trademarks, patents, and copyrights. The accessibility of Intellectual property will provide the world with standard practices as well as hinder the potential business challenges. The consumers also use intellectual property to make sure that the products they purchase are safe and guaranteed (Richard, 8). Question 2Economic sanctions are penalties that are applied domestically, by one or many countries. The purpose of economic sanctions is to ensure that there is harmony existence in the economic movement. The sanctions become successful policy when aiming on reducing the trade imports or exports or both. The policy is also helpful when reducing trade by turning down investment, credit to the aimed country, foreign exchange or elevating its cost of credit. Moreover, most businesspersons claim that the sanction policy goes well past the sectors that are targeted.Chapter 7Question 3Fair trade coffee is very unfair when considering ordinary consumers. This is because there is a standard that has been set for sp...

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