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Country 1 Country 2 _IC1' 18 33 4.5 55 WINS 6001' i Use the gure above to answer the following question: How much is Country

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Country 1 Country 2 _IC1' 18 33 4.5 55 WINS 6001' i Use the gure above to answer the following question: How much is Country 2 consuming in autarky? 72 of Good X and 83 of Good Y and Country 1 is consuming 60 of Good X and 53 of Good Y. O 62 of Good Y and 60 of Good X and Country 1 is consuming 30 of Good X and 55 of Good Y. O 62 of Good X and 60 of Good Y and Country 1 is consuming 55 of Good X and 30 of Good Y. O 62 of Good X and 60 of Good Y and Country 1 is consuming 30 of Good X and 55 of Good Y. Use the gure above to answer the following question: Which country has the comparative advantage in good X? 0 Country 1 and Country 2 has thecomparative advantage in good Y 0 Country 2 and Country 2 has the comparative advantage in good Y 0 Country 1 and Country 1 has the comparative advantage in good Y 0 Country 2 and Country 1 has the comparative advantage in good X Use the figure above to answer the following question: Country 1 is in autarky at which production possibility? O E, and Country 2 is in autarky at point E O C, and Country 2 is in autarky at point D O E, and Country 2 is in autarky at point C O C, and Country 2 is in autarky at point EUse the gure above to answer the following question: How much of good X does Country 1 produce after specialization? O 30 of good X and 55 of good Y O 30 of good X and 78 of good Y O 120 of good X and 18 of good Y O 150 of good X and O of good Y Use the figure above to answer the following question: How much does Country 1 import and export? O Imports 37 and exports 60 O Imports 23 and exports 120 O Imports 30 and exports 23 O Imports 60 and exports 60Use the figure above to answer the following question: How much does Country 2 import and export? O Imports 27 and exports 60 O Imports 37 and exports 37 O Imports 60 and exports 60 O Imports 23 and exports 60Use the gure above to answer the following question: What is Country 25 terms of trade? (Hint: do not rely on the scale of Country 2's axes. Instead rely on your previous answers.) Q 27 of good X for 60 of good Y O 60 of good Y for 60 of good X 0 3 of good X for 1 of good Y O 60 of good X for 23 of good Y Using the gure above, after trade takes place, how much does country 1 gain from trade? 0 60 of good X and 78 of good Y O 23 of good Y and 30 of good X 0 78 of good X and 60 of good Y O 23 of good X and 30 of good Y Using the gure above, after trade takes place, how much does country 2 gain from trade? 0 0 of good X and 60 of good Y O 33 of good X and 60 of good Y O 33 of good X and 0 of good Y O 95 of good X and 60 of good Y

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