XECO 212 Week 8 Individual Assignment International Trade Simulation
Complete the International Trade Simulation.
Write a 600 to 900 word report advising the President of Rodamia making recommendations for international trade. Address the following:
List at least one advantage and one limitation (i.e. benefits and costs) of international trade you encountered in the simulation.
Define absolute and comparative advantage in your own words.
Explain how absolute and comparative advantages were used in your simulation.
Describe the influences affecting foreign exchange rates and how that relates to trade.
Format your report according to APA guidelines.
NOTE: Review Chapters 3 and 9 for this Assignment.
Post your assignment as an attachment.
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