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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 country has a different mix of natural resources and factors of production. …
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