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Learning Team Assignment: International Trade Simulation and Report Resources:
Learning Team Assignment: International Trade Simulation and ReportResources: Applying International Trade Concepts simulation and Principles of EconomicsWrite a 1,050- to 1,750-word report in which you address the following:List at least one advantage and one limitations of International Trade as identified in the simulation.Identify four key points from the reading assignments that were emphasized in the simulation.Define absolute and comparative advantage.Describe the influences affecting foreign exchange rates.As a team, debate the issues surrounding international trade.For each member of the team, what were the Concept Summary results for the assessment?As a team, evaluate the effects of government policy on economic behavior.Go to the World Trade Organization website (www.WTO.org) to address the following: What is the WTO? Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO?