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3. Imagine a hypothetical country in which there are only three goods; two goods are produced within the country, the other is imported from abroad

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3. Imagine a hypothetical country in which there are only three goods; two goods are produced within the country, the other is imported from abroad ne of the goods produced domestically is not purchased domesticallyit is produced exchlsively for export The other domestically produced good is sold only to domestic consumers. For simplicity, we assume there is no government. If this country were Canada, these three products might he something like: t- Restaurant mealsproduced and consumed domestically, but neither exported nor imported. *- Mountie posters produmd domestically, but only for export; *- Coffee not produced domestically, hut consumed domestically and thus imported. The table below shows the prices and quantities for these three products over various years. For restaurant meals and Mountie posters, the quantities are the 1value added of annual production

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