International trade

What are the advantages and limitations of International Trade identified in the simulation? List four key points from the reading assignments that were emphasized in this simulation. How can you apply what you learned from the simulation to your workplace? What were the Concept Summary results for the assessment?

When is international trade an opportunity for workers?

When is international trade an opportunity for workers?

What are examples of IMF successes and failures?

What are examples of IMF successes and failure?

Consider the case in which a country’s PX/PY in autarky is less than the PX/PY on the world market.

I have some exam prep multiple choice questions (we are not going over them until 3 days before my mid term!). Please see attached file.

What impact would the threat of imports have on a monopolist who had never before been faced with foreign competition?

It has been argued that a country to international trade is a great antitrust policy. What impact would the threat of imports have on a monopolist who had never before been faced with foreign competition? How would the monopolist respond concerning the quantity produced and the price charged in the domestic market?