How absolute and comparative advantages used in simulation


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:

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.

• Format your report according to APA guidelines.

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Microeconomics: How absolute and comparative advantages used in simulation
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