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Q1. 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 also one limitation of international trade you encountered in the simulation. o Define absolute also comparative advantage in your own words. o Explain how absolute also comparative advantage were used in your simulation. o Describe the influences affecting foreign exchange rates.
Q2. Given c = 100+0.9y I= 50. Illustrate what is the marginal propensity to consume? Illustrate what is the marginal propensity to save.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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