The international production set for Nigeria and Austria is: \(\begin{array}{c|c} Products & Nigeria & Austria...

JAMB 1984

The international production set for Nigeria and Austria is:

\(\begin{array}{c|c}
Products & Nigeria & Austria \\
\hline
Cocoa & 20 \text{tonnes} & 12 \text{tonnes}\\
\hline
Lace & 10 \text{meters} & 8 \text{meters} \\
\end{array}\)

from the table, it can be deduced that?

A. Nigeria should produce cocoa and lace
B. Austria should produce cocoa and lace
C. Nigeria can benefit from producing lace only
D. Nigeria should not produce any of the products because of her relative disadvantages
E. Austria should produce lace and Nigeria should produce cocoa

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Correct Answer: Option E

Explanation

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