XECO 212 Week 8

CheckPoint: International Trade Debate

Post a 250- to 300-word response to the following debate topic: The United States must place high tariffs and use quotas to restrict trade with foreign countries.

Consider the following issues:

The strength of the dollar on domestic and global economies

Benefits from tariffs or quotas

Losses from tariffs or quotas

Assignment: International Trade Simulation

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 according to APA guidelines.

Post your assignment as an attachment.