Home » Past Questions » Economics » The question below is based on the table below:The international production set ...

The question below is based on the table below:The international production set ...


Question

The question below is based on the table below:

The international production set for Nigeria and Austria is:

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

The opportunity cost ratio for cocoa and lace for Austria and Nigeria is

Options

A)
2,2
B)
2,1.5
C)
1.5,4
D)
1.5,2
E)
0.5,1.5

The correct answer is D.


More Past Questions:


Discussion