International Trade Simulation Term Paper by ResearchRiter

International Trade Simulation
A paper on international trade and a country's competitive advantage.
# 121106 | 1,000 words | 10 sources | APA | 2008 | US
Published on Dec 01, 2008 in Political Science (Fiscal Policy (economy)) , Economics (General)


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Description:

This paper discusses how a country will find that it has a competitive advantage at producing some products rather than others. By exporting these products, and importing those which are more expensive to produce domestically, the paper explains how a country can use international trade to enrich its citizens and increase the wealth of the country as a whole.

From the Paper:

"No two countries are perfectly alike. Each has a different set of advantages such as rich mineral deposits, a climate and land suitable for agriculture, a strong infrastructure, skilled laborers and professionals and even funds available for investment and entrepreneurs who know how to use them. When taken together, each country will find that it has a competitive advantage at producing some products rather than others. By exporting these products and importing those which are more expensive to produce domestically, a country can use international..."

Cite this Term Paper:

APA Format

International Trade Simulation (2008, December 01) Retrieved October 04, 2022, from https://www.academon.com/term-paper/international-trade-simulation-121106/

MLA Format

"International Trade Simulation" 01 December 2008. Web. 04 October. 2022. <https://www.academon.com/term-paper/international-trade-simulation-121106/>

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