Use the graphs of production possibilities below to answer the question that follows. Two PPC graphs show bread (millions of tons) on the vertical axis and pies (millions) on the horizontal axis. Twistia’s PPC meets the vertical axis at the quantity 100 and the horizontal axis at the quantity 20. Turnland’s PPC meets the vertical axis at the quantity 50 and the horizontal axis at the quantity 40

Which of the following is a true statement about the data for Twistia and Turnland?

Both countries should specialize in bread, since each is more efficient in producing bread.
Twistia should specialize in pies and Turnland should specialize in bread.
The countries can benefit from trade if Twistia specializes in bread and trades for pies from Turnland.
Turnland can benefit from trade but not Twistia, since Twistia has absolute advantage in both goods.
Neither country can benefit from specialization and trade.

Both countries should specialize in bread, since each is more efficient in producing bread.

Turnland can benefit from trade but not Twistia, since Twistia has absolute advantage in both goods.

Explanation:

From the information given above, it could be found that, Twistia has absolute advantage in production of bread and pie due to the large quantity which it produces in both. On the other-hand, Turnland, does not produces much in both. So therefore, will gain most should they enter any trade relationship with Twistia.

is the art and science of cultivating the soil, growing crops and raising livestock. it includes the preparation of plant and animal products for people to use and their distribution to markets.

agriculture provides most of the world’s food and fabrics. cotton, wool, and leather are all agricultural products. agriculture also provides wood for construction and paper products.

these products, as well as the agricultural methods used, may vary from one part of the world to another.

after lydia compare her check register to her bank statement, and the ending balances do not seem to match. then, she must make a bank reconciliation by putting the data all together.

to do this, she need to determine the bank ending balance. after, add the deposits in transit then deduct the outstanding checks. moreover, if the actual checkbook balance does not equal this number, check again for transporting errors by subtracting the balances and add the difference to nine. sometimes, a mathematical error can happen but a bank reconciliation is a great tool to resolve the discrepancies.