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In the education business, to my knowledge, there is nothing that Spring Branch I.S.D. can import or export through an international trade. This simulation was very difficult for me to apply it towards my workplace. I can not see myself applying this simulation to my workplace.
What were the concepts summary results for the assessment?
The concepts summary results for this assessment is that the international trade is a comparative advantage...
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Most countries tend to specialize in products they have a comparative advantage. By producing and exporting these products and importing other products from countries that have a comparative advantage in producing them, all countries gain. The gain could be in the form of more choices to the consumer, bigger markets for producers to explore, or a favorable balance of trade...
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Explain why the theory of comparative advantage is the basis for international trade (mutual benefit from trade).
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