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International Trade Simulation
What are the advantages and limitations of International Trade identified in the simulation?
The advantages and limitations of International Trade that was identified in this simulation is that the level of tariff that I have chosen to charge is higher than what is needed to equate the export price of watches in Rodamia to the market value of watches. There are three facts that I must prove in order for the product to be sold in the importing country at prices less than the domestic price of the product, the availability of the product at lower prices causes material injury to the domestic, and that there is a casual link between the availability of the product at the lower price. Once I prove these facts, the market value of the dumped product is calculated. Based that I must protect the infant domestic industry is to give it time to attain productive efficiency which was a good decision that I made. But considering that the free trade leads to......

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Approximate Word Count: 644
Approximate Pages: 3 (250 words per double-spaced page)

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