Trade Ruler Game

Learn about how international trade works, according to the Heckscher-Ohlin trade theory. Become a “trade ruler” by trading with countries having different mixes of labor and capital.

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.

Note that the game is Flash-based.Ā  You may need in install a Flash emulator extension, such as Ruffle, to your browser to be able to play the game.Ā  Learn

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NeoK12 offers a set of YouTube videos explaining and illustratingĀ economics.Ā  Topics include the exchange, prices, production, money Keynesian economics, national debit, budget deficit, the Federal Reserve System, inflation,Ā bankruptcy, finance and accounting vocabulary, andĀ economic terms.Ā  All videos and lessons on this site have been reviewed by K-12 teachers and are safe for kids.

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Resources for teachers and students of Economics. Learn concepts in micro, macro and international economics. Watch video lecture, and, read a blog on current economic news,

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