Title: International Trade Simulation
|Date:||July 16, 2017|
|Length:||2 / 451|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
It causes higher consumer prices and higher revenues. To trade internationally means, we get more resources and products to choose from. It means that we can hire at cheaper wages and not worry about certain restrictions. It seems that the world is most effective when each country specialize in goods in which there is really no competition with, such as cheese, corn, watches and DVD players...
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It seems that the world is most effective when each country specialize in goods in which there is really no competition with, such as cheese, corn, watches and DVD players.
When having a comparative advantage over the other countries may be able to export its goods faster than others, although they may not be the most efficient producers...
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