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The United States must place high tariffs and use quotas to restrict trade with foreign countries.

  • 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.

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