How absolute and comparative advantages were used

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Reference no: EM13253301

Complete the International Trade Simulation.

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.

Reference no: EM13253301

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