Elucidate how absolute and comparative advantage were used

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Reference no: EM1363897

Assignment: International Trade Simulation

• Resource: International Trade Simulation

• Due Date: 1 Oct [Assignment Section of eCampus]

• 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.

Reference no: EM1363897

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