INTERNATIONAL TRADE AND EXCHANGE RATES
macb98INITIAL POST
For your initial post, answer the following questions.
Take a closer look at our local economy or a country of your interest and pick a good or a service that you believe America (or your country of choice) has a comparative advantage in producing. Discuss the factors that you believe give America (or your country of choice) such an advantage.
CONCEPT-FOCUSED POST
Give a brief explanation of at least one of the concepts listed below, including an example to support your post:
- International trade and Exports, Imports
- Comparative advantage and Absolute advantage
- International specialization and Gains from trade
- Barriers of trade: Tariffs and quotas
- Foreign exchange
- Exchange rates: Flexible and Fixed exchange rate
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