International Trade Simulation

Topic:
International Trade Simulation

Copy and paste this URL and take the International Trade Simulation.
https://ecampus.phoenix.edu/secure/aapd/vendors/tata/UBAMsims/economics1/economics1_international_trade_simulation.html

Then: 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.
• As with all academic papers, be sure to include your references in your paper.

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