Question: I need help with the third question. If you can please help me out with it that would be great! Assume Saudi Arabia and the

I need help with the third question. If you can please help me out with it that would be great!

Assume Saudi Arabia and the United States face the production possibilities for oil and cars shown in the table. Saudi Arabia United States Quantity of oil Quantity of cars Quantity of oil Quantity of cars (millions of barrels) (millions) (millions of barrels) (millions) 200 3 100 7.5 600 1 300 2.5 Suppose that, in fact, Saudi Arabia consumes 300 million barrels of oil and 4 million cars, while the United States consumes 500 million barrels of oil and 6 million cars. Also assume that for each country, the value of imports equals the value of exports. How many barrels of oil does the United States import? How many cars does the United States export? m cm Suppose a car costs $10,000 in the world market. How much 99

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