Using the chart below, answer the following questions.

	Beef (lbs.)	Bread (# of loaves)
Country X	200	100
Country Y	150	50

1. Who has the absolute advantage in producing beef? Explain.
2. Who has the comparative advantage in producing beef? Explain.
3. Country X and Country Y specialize and trade 1 loaf of bread for 4 pounds of beef.
   1. Is this trade beneficial for Country X?
   2. Is this trade beneficial for Country Y?
4. Can a country produce outside of its PPC? Explain.