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Use the table below to answer the question below; The international production set for Nigeria...

Economics
JAMB 2021

Use the table below to answer the question below;

The international production set for Nigeria and Austria is;

Products Nigeria Austria
Cocoa 20 tonnes 12 tonnes
Lace 1o metres 8 metres

 

From the table, it can be deduced that_______

  • A. Nigeria should produce cocoa and lace
  • B. Nigeria can benefit from producing lace only
  • C. Austria should produce lace and Nigeria should produce cocoa
  • D. Austria should produce cocoa and lace
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Correct Answer: Option C
Explanation
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