Elucidate how absolute and comparative advantages were used

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Reference no: EM1364412

• Write a 1,050- to 1,250-word report 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 advantages were used in your simulation.

o Describe the influences affecting foreign exchange rates.

Reference no: EM1364412

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