Summary of product condition in countries i and ii
Amount of labour days, cocoa(tons) Cloth(tons)
Country i 200 600 900
country ii 200 300 800
From the above table, we can correctly say in respect of international trade that
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A.
Country I has absolute disadvantage in the production of both cocoa cloth
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B.
Country I has absolute advantage in the production of both cocoa and cloth
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C.
Country II has absolute advantage in the production of both cocoa and cloth
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D.
Country II has comparative advantage in the production of cocoa
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E.
Country II should leave the production of both cocoa and cloth to country I
View Answer & Discuss (1)
JAMB
1981
