International Trade Simulation

This memo will summarize the International trade simulation that was taken for week five of Economics 360. This memo will also identify the advantages and limitations of International Trade in the simulation as well as list the four key points that were emphasized during the simulation. The concept summary results will also be summarized and how what was learned during the simulation can be applied to my workplace. There are differences in comparative advantages because each …

…decisions in imposing tariffs, free trade agreements (FTA), and decisions on products to which export incentives needed to be given, as well as correct composition of trade with Suntize. In July, 2xx4 I made the decision to levy an anti-dumping tariff, while this was a good decision the level of tariff that I decided to charge was higher than what was needed to equate the export prices in Rodamia to the market value of watches.