I am in dire need of help! I having trouble understanding how trade barriers affect different situations (like exports/imports/production/etc...). I'd love to see how this problem gets broken down if possible. Thank you in advance!

Answer protocol:

**Some questions require only a number and nothing more (3, 4, 7, 8, 11-20)

No punctuation and no additional descriptors.

**Round off numbers to the nearest whole number.(Hint - this should only happen twice.)

**Some answers require that you add either "hammers" or "coffee" to your number, with a space between the two.

For example, "200 hammers" or "375 coffee" - while a bit awkward in terms of coffee, do not write out "pounds" nor use the # symbol.Also use no punctuation.

Problem Set-up:

The island nation of Roseland has 100 resource units (some mix of land, labor and capital).They can produce either hammers or coffee, or some combination of the two.We'll assume that there is a constant tradeoff between these two goods, insofar as production goes.Using all their resources would allow them to produce 600 hammers (H) or 300 pounds of coffee (#C).Without trade, they prefer to use half their resources to make each good and so produce, and consume, 300 hammers and 150 pounds of coffee.In each of the scenarios that follow, the residents of Roseland will want to end up consuming 300 hammers after trade has occurred.

The island nation of Elmwood has 200 resource units (some mix of land, labor and capital).They can produce either hammers or coffee, or some combination of the two.We'll assume that there is a constant tradeoff between these two goods, insofar as production goes.Using all their resources would allow them to produce 400 hammers (H) or 600 pounds of coffee (#C).Without trade, they prefer to use half their resources to make each good and so produce, and consume, 200 hammers and 300 pounds of coffee.In each of the scenarios that follow, the residents of Elmwood will want to end up consuming 300 pounds of coffee after trade has occurred.

Scenario #1: Free trade between these two countries.They will try to specialize their production as much as possible.We will assume that the terms of trade are 1 H = 1# C.Given the amounts they want to consume after trade (shown above), they will trade all the rest.

a. What (and how much) will Roseland export to Elmwood?

b. What (and how much) will Elmwood export from Roseland?

c. After trade, each country will consume ___ pounds of coffee.

d. After trade, each country will consume ___ hammers.

Scenario #2: Roseland decides that they need to protect their domestic coffee industry and so they impose a 150 pound quota on imported coffee.Assume that the terms of trade haven't changed.

e. What (and how much) will Roseland export to Elmwood?

f. What (and how much) will Elmwood export from Roseland?

g. After trade, in Roseland, they will consume 300 hammers and ___ pounds of coffee.

h. After trade, in Elmwood, they will consume 300 pounds of coffee and ___ of hammers.

Scenario #3: Roseland decides that they need to protect their domestic coffee industry and so they impose a 50 pound quota on imported coffee.Assume that the terms of trade haven't changed.

i. What (and how much) will Roseland export to Elmwood?

j. What (and how much) will Elmwood export from Roseland?

k. After trade, in Roseland, they will consume 300 hammers and ___ pounds of coffee.

l. After trade, in Elmwood, they will consume 300 pounds of coffee and ___ of hammers.

m. When there is no trade, the total world production of hammers is ____.

n. When there is no trade, the total world production of coffee is ____ pounds.

o. When there is free trade, the total world production of hammers is ____.

p. When there is free trade, the total world production of coffee is ____ pounds.

q. When there is trade with a 150 pound quota on coffee, the total world production of hammers is ____.

r. When there is trade with a 150 pound quota on coffee, the total world production of coffee is ____ pounds.

s. When there is trade with a 50 pound quota on coffee, the total world production of hammers is ____.

t. When there is trade with a 50 pound quota on coffee, the total world production of coffee is ____ pounds.