XECO 212 Week 8 Assignment International Trade Simulation
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Resource International Trade Simulation
Complete the International Trade Simulation.
Write a 1,050- to 1,250-word report in APA format advising the President of Rodamia making recommendations for international trade. Address the following:
o List at least one advantage and one limitation of international trade you encountered in the simulation.
o Define absolute and comparative advantage in your own words.
o Explain how absolute and comparative advantage were used in your simulation.
o Describe the influences affecting foreign exchange rates.
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