Question One
The trade war between the United States and China seems never-ending. According to many economists, the trade war between the two word super economies will not have any winners, thus the need for the countries to continue engaging in negotiations. Previously, the two countries had announced a cease-fire in Osaka, Japan. Here, the countries had agreed to set back on talks whereby the United States had listed the trade restriction of Chinese goods. The move had been hailed by numerous market players such as the telecommunication giants in china. However, the initiative did not last. The United States president, Donald Trump, thinks that inflicting the trade tariffs would make china change and reduce its unfair trade practice.
On the contrary, China is unwilling to budge on numerous issues, such as the increasing importation of goods from the United States. Moreover, China is reluctant to change laws relating to the protection of intellectual property and the security of local companies. The issues demonstrate that neither country is willing to change and that the war is unwinnable. Thus, the parties need to sit back and consider having proper discussions.
Question Two
The business model in the one shared economic platform is characterized by sharing and acquiring resources and services through community facilitation. Typically, the model provides short-term transactions by facilitating the collaboration of various assets. The primary advantages of having a shared economy are reducing environmental pollution and access to multiple sources of capital.
However, the model is faced with numerous challenges, such as safety and privacy concerns. Moreover, the model does not provide any guarantees for success due to the lack of customer loyalty.
Question Three
Typically, artificial intelligence is based on designing machines to have thinking ability. The technology is used in various activities within the workplace, such as language processing, recognizing hard writing, and speeches.
However, there are numerous issues relating to the use of technology, such as the cost implication and human beings' replications. Moreover, the use of artificial intelligence does not lead to improvements based on experience or creativity. Many of the critics have cited unemployment as the main challenge facing the implementation of the technology.
Question Four
Unethical business practices lead to loose monetary policies. The mismanagement of fiscal policies is a significant cause of the financial crisis in a country. For instance, it may lead to lower interest rates, thus encouraging unsustainable consumption, investments, and borrowing. Ethics cannot be guaranteed through regulations alone since the business plays a critical part, such as enhancing ethical culture.
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