Explain absolute and comparative advantage

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Reference no: EM13117569

Write a 1,050- to 1,250-word report advising the President of Rodamia making recommendations for international trade. Address the following:

• List at least one advantage and one limitation 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.

• Format your report according to APA guidelines.

Reference no: EM13117569

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