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.
Format your report consistent with APA guidelines.
Post your assignment as an attachment.
International Trade Simulation
During this simulation, I realized how the decisions countries make pertaining to international trade affect the availability and price of goods and services provided to their citizens. It is extremely important to build relationships with other countries to engage in trading and it made me