S. federal authority uses the budget allocated to support the development of the national industries, without raising barriers to imports. The second possible solution is for the United States to strive to increase its exports by focusing more on international operations.
Criteria / goals
The evaluation criteria for the proposed solutions revolve around the benefits they generate, as well as the costs they imply. Otherwise put, the decision will be made in accordance with the arguments in favour and against each of the two alternatives, and by the solution's ability to meet the established goals. These goals include the insurance of economic stability within the United States (for all population, corporations and the entire system), the maintenance or even development of international relations, as well as the sustained development of the domestic industries.
Evaluation of alternatives
Alternative 1:
Pro: does not negatively affect international relations; has the ability to improve them by investing in technology or other industries which have transcended the geographic boundaries; generates stability for the U.S. citizens and entrepreneurs
Con: does not produce immediate effects as it is more of a long-term strategy
Alternative 2:
Pro: potential economic growth through intensified exports
Con: the entire world is affected by the crisis and it is less likely for the U.S. To find new markets at this stage
Decision
Based on the previous stages of the PACED decision-making tool, the final decision revolves around the implementation of the second alternative. Aside the fact that it does not generate immediate...
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