o List at least two advantages and two limitations of international trade.
o Define absolute and comparative advantage in your own words.
o Explain how absolute and comparative advantages were used in the following example. What should United Statesproduce? What should Brazil produce?
Country Number of DVD Players can be produced per hour Number of Watches can be produced per hour
United States 10 20
Brazil 5 15
o Describe the influences affecting foreign exchange rates.
• Format your report according to APA guidelines
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