International Trade Simulation - Rodamia Trade

This report impart bewilder decisions taken in foursome multinational trade scenarios along with the decision results. The advantages and limitations of each scenario leave alone also be examined. This writing will also boon four key points from the reading assignments that were emphasized in the simulation. The paper concludes by explaining how some of the simulations concepts can be applied to this showcase?s workplace. International Trade Advantages and LimitationsIn scenario one, Rodamia wants to determine the possibilities of trade opportunities with Alfazia, Uthania and Suntize. Rodamia encourage is in merchandiseing convergence that Rodamia produces competently, and importing overlaps that it is not businesslike in producing. Rodamia?s cheese and DVD players were the potential export products. Suntize?s comparative advantage is in electronics thus importing watches from Suntize. Uthania is also a good choice because Uthania grows corn at a much lower cost than Rodamia. Suntize and Uthania were the countries chosen in this scenario for Rodamia to begin trading. The advantages of the choices are the opportunity cost presented by the product of each country. This results in each country being adequate to(predicate) to(p) to optimize in products that each cannot produce efficiently. The limitations of the choices are alter to technology. Both Rodamia and Suntize must continuously produce both furthest volume and innovative products in order to avoid line of reasoning of from other countries. Below are the results from scenario one.

Jan 2xx4ImportsTrade PartnerDomes tic Production and ExportsCheeseCornUthaniaD! VD PlayersWatchesSuntizeIn scenario two, Suntize has been importing watches into Rodamia at prices lower than Suntize?s home market. The Trade Representative trust of Rodamia needs to determine whether to impose trade restrictions with Suntize. In internationalist trade ?when one country exports a significant attain of goods to another country at prices much lower than in the domestic market.? (Dumping, n.d., para. 1). The decision made was to impose... If you want to get a full essay, order it on our website: BestEssayCheap.com

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