Reference no: EM131283872
Econ game and questions
After playing the game, write and submit your reflection as a short essay in a word document "docx" file attachment (500 words minimum). Use the listed questions as thought guides when playing and writing your paper. Ensure your paper is properly paragraphed and formatted; double spaced, 12 point font size, student's name, course information, title of work, and date all on the first page. See grading rubric in the "Grading Rubrics" folder in the "Start Here" link on your left
Things to consider (thought guides):
1. What resources did your selected region have, and why did you select the region?
2. What region(s) did you select as trading partner(s), and why?
3. Mutual benefits form the basis for nations to engage in international trade, and how could one track mutual benefit from this simulation?
4. What are the main forms of trading barriers you experienced in the simulation?
5. From the economic knowledge you have so far gathered, how did the trade barriers you experienced affect the wellbeing of the residents of your nation?
https://www.imf.org/external/np/exr/center/students/trade/
Your simulation is NOT about making the most money or most products - it is about watching the impact of your trade on the world economy, and mutual benefits that trade creates.
Note also the trade barriers that exited and the impact such barriers will have on your consumers and producers.
Please, please, think of economic concepts - demand and supply, production, labor market, economic growth, mutual benefits, comparative advantages, show the benefit of trade to your consumers, etc. USE APA Style!
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