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Thanks in advance 1.0 In this question you have to extract information from the following PPF [graph]. The following PPF is that oi country 2

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1.0 In this question you have to extract information from the following PPF [graph]. The following PPF is that oi country 2 that can only produce rice and wheat. What are all the information you can obtain from the given PPF {graph}? Explain in detail. [4 marks} Units of Rice 200 180 150 200 Units of Wheat 2.0 Adam and Eye are both consumers and producers of butter and bread. They are the only two people living in a barter economy. The following are the production schedules of Adam and Eye: Production schedule of Adam Production schedule of Eye Butter [units per day} Bread (units per day} Butter {units per dayi Bread {units per day} 10 2 Using the given situation show that specialization and trade can benefit individuals and societies. Explain in detail. tau can assume that the terms of trade are 2 units of butter for 5 units of bread. {6 marks}

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