1. Answer the following questions using the information from the table below. Country X Country Y Good A Good B Good A Good B 90 0 60 0 60 10 40 10 30 20 20 20 0 30 o 30 a. What is the opportunity cost of producing one unit of Good A in terms of Good B for both countries? b. In the no specialization-no trade case, country X produces and consumes 60 units of good A and 10 units of good B. Country Y produces and consumes 20 units of good A and 20 units of good B. If the two countries specialize and trade, how many more units of good Y will country A consume? C. If the two countries specialize and trade, and the actual amounts traded are 25 units of good A for 10 units of good B, how many more units of good A will country X consume by specializing and trading? 2. Answer the following questions given the information in the graph provided below. Price of (dollars) 69 40 35 30 25 20 15 10 SO 10 15 20 25 30 35 40 4045 Quantity of a. The world price of X is $15. Under a policy of free trade, the U.S. production of X would be_ b. The world price of X is $15. Under a policy of free trade, U.S. consumers will import units of X from abroad. C. Assume that the current price of X is $25 (which includes a $10 tariff on imports of product X). Americans purchase units of X from U.S. producers and import units of X from abroad. d. Assume that the current price of X is $25 (which includes a $10 tariff on imports of product X). How much does the government collects tariff revenue on product X