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Please note the error on the second (b) question. It should be ...how many more units of Good A will country Y consume? 1.

Please note the error on the second (b) question. It should be "...how many more units of Good A will country Y consume?"

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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 0 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

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