The Following Shows the Production Possibilities Tables for Two Countries

question 62

Multiple Choice

The following shows the Production possibilities tables for two countries, Latalia and Trombonia: Refer to the above tables.If these two nations specialize on the basis of comparative advantage:

• A)Trombonia will produce beans and Latalia will produce pork.
• B)Trombonia will produce both beans and pork.
• C)Latalia will produce both beans and pork and Trombonia will produce neither.
• D)Latalia will produce beans and Trombonia will produce pork.

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Definitions:

Balance Per Bank

The amount of money that a company's bank account shows according to the bank's records.

Outstanding Checks

Checks that have been written and recorded in the accounting records but have not yet been cashed or cleared by the bank.

Outstanding Checks

Checks that have been written and recorded in a company's financial records but have not yet been cashed by the recipient.

Balance Per Company's Records

This refers to the amount shown in a company's financial records or accounting books.