ECO 212 Week 5 Learning Team Assignment International Trade Simulation and Report
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Individual Assignment Due Day 7: Final Examination
Resource: Economics
Select the link to the Final Examination on your student website available from the end of Week Four through the end of Week Five.
Complete the Final Examination. You are allowed one attempt to complete the exam, which is timed and must be completed in 3 hours. Results are auto-graded and sent to your instructor.
Learning Team Assignment Due Day 7: International Trade Simulation and Report
Resources: Applying International Trade Concepts simulation and Economics
Write 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?
Format your paper consistent with APA guidelines.
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ECO 212 Week 5 DQ 3
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What is the World Trade Organization? What does it do and why is it important to international trade?...