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The Magic of Markets: Trade Creates Wealth

The Magic of Markets: Trade Creates Wealth

This simulation concerns the concepts of Trade,
Incentives, Costs, and Benefits. This is a trading simulation that was designed to illustrate a complex marketplace in which goods and services are traded. Students use this experience to investigate the conditions that encourage or discourage trade among individuals. Using simple materials such as pencils, candy, or other materials, students participate in trading. Complete instructions for the procedure are provided as well as debriefing questions.
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