Discuss how you did in Chapter 5's simulation. Choose 1 decision from 1 simulation and analyze it - what was your reasoning behind your decision? Were you correct? Why or why not? Consider the role of quotas, tariffs, and subsidies. What impact do these have on domestic production? What impact do these have on the standard of living within the country? Share your opinions on the impact of increased globalization on the economies of the poorest countries in the world. The major players in the world market have been criticized for a lack of interest in such countries and the problems they face, unless there are natural resources available that are of interest. Are these criticisms valid? Is it possible to become involved in the economic activities of these countries without appearing to take advantage of their situations