What is Intellectual Property (IP) and how does counterfeit merchandise impact the U.S. economy?

Respond to the following 3 short essay questions for your final you must use outside resources/

You are to prepare and submit your final assessment in a Microsoft word document and submit as an attachment. Use proper APA for citations and format, which includes using Times New Roman (Font 12).  State each topic question followed by your response in paragraph form.  Your response to the questions combined should be at least 4 pages.

Your responses are to be in your own words with minimal quotes using OUTSIDE the classroom sources.  Please keep in mind that even when you paraphrase, you must properly cite. What I am looking for here are your own thoughts and opinions that demonstrate your understanding of the topics and the course materials. When you submit your midterm (word document) for grading, it will automatically be submitted to Turnitin.

  1. Please address the following as they pertain to Intellectual Property:
    1. What is Intellectual Property (IP) and how does counterfeit merchandise impact the U.S. economy?
    2. What safety and health concerns are posed by counterfeit products?
    3. How does IP theft pose an existential threat to national security? (This requires analysis on your part)
  2. What are “Smart Borders”?
  3. How have the SMART Port Security, the SAFE Port Act, the Small Vessel Security Strategy, and the Marine Transportation Security Act impacted port security?