Your task is to reflect on the trading activity conducted in class. As you analyze the data, you should prepare answers to the following questions. Be sure to explain each answer and be ready to discuss on Monday.
1. Under free trade, which country produced more chocolate bars? Which country produced more raisins? Why?
2. How did banning imported raisins in country A affect the amount of each good that country A produced? How did it affect the amount of each good produced in country B?
3. How did banning raisin imports into country A affect total world production of each good?
4. How did the import ban affect the number of consumers in country A who were able to buy both goods? How did it affect the number of consumers in country B who were able to buy both goods?
5. Imagine that you are a worker in country A who only knows how to make raisins. Would you support lifting the ban on the importation of goods from country B to allow free trade?
