ECON201 International Trade Simulation Assignment
Order Number Y47874HDUEW Type of Project Essay/Research Paper Writer Level PHD/MASTERS Writing Style APA/Harvard/MLA/CHICAGO Citations 5 Page Count 3-15
“The Heckscher-Ohlin Trade Theory is about how two countries can get greater gains from trading with each other if they have different resources one have more labor and the other have more capital (that is technical equipment and machinery).
By specializing in production, and by trading with other countries, it is possible for countries to increase their incomes. Even though countries as a whole benefit from specialization and international trade, all groups in society, workers and capitalists, do not gain according to the Heckscher-Ohlin theory. If international trade leads a country to specialize in producing goods that require lots of workers and little capital, such a specialization increases wages (which benefits the workers) but decreases the income of the capital owners. But the country as a whole benefits because the gain of the workers is bigger than the loss of the capital owners.
The Trade Ruler game is set in “the Hechscher-Ohlin world” you are to make an island (a country) prosper by trading. As a ruler of an island you want to engage in international trade to achieve this goal” (Nobel Media, 2011).
After playing the game (estimated to last about 15 minutes), answer the following questions in the form of a short essay. Your completed essay should be at least 250 words in length:
1. Did your selected country have more labor or capital?
2. Why did you select this particular country?
3. Did your selected trading partner have more labor or capital?
4. Why did you select this particular trading partner?
5. Did you increase or decrease the welfare of your country by engaging in international trade? Why?
Please write and submit your reflection as a doc or docx attachment.
|Excellent||The essay demonstrates exemplary comprehension of the relevant content by thoroughly as well as correctly discussing the relevant information; identifying as well as explaining all of the 3 fundamental aspects; using correct terminology; describing the reasoning next to key points/claims; as well as substantiating points with several accurate as well as illuminating examples, as necessary or useful. There are no gaps in the necessary answer.|
|Good||Scholarly sources that are credible are employed to successfully support statements that are, as the most part, clear as well as fairly expressed. With just a few minor inaccuracies, APA 6th Edition is utilized. There are a few small typos in the references and/or citations. There is some reliance on dubious sources.|
|Satisfactory||Because of certain improper terminology and/or confusing wording, the work is frequently confused and difficult to understand; thoughts may be disjointed, meandering, and/or repetitious. a lack of structure; and/or grammatical, spelling, and punctuation mistakes.|
|Poor||The essay demonstrates a lack of understanding of the related documents by failing to address or improperly addressing the relevant; failing to identify or incorrectly trying to explain key concepts/ideas; ignoring as well as incorrectly attempting to explain key points/claims as well as the rationale behind them; and/or inaccurately or improperly using terminology.|
|No Response||Essay displays great writing abilities, such as a clear as well as thought-provoking thesis, suitable and effective organization, vibrant and persuasive supporting materials, good diction as well as sentence skills, and faultless or almost perfect mechanics, such as spelling and grammar. The essay flawlessly achieves the assignment’s objectives.|
|Quality of Response||Because of its intelligent growth and mature manner, this study merits attention. It provides a compelling analysis of or reaction to the text, expanding on that response using well-chosen examples and arguments. The sixth paper demonstrates that its author can typically use appropriate words, employ advanced phrases successfully, and adhere to written English rules.|
|Delivery Timeline||3 hours – 24 hours|
|ECON201 International Trade Simulation Assignment|
ECON201 International Trade Simulation Assignment
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