Question 0

Question 39 and 40 are based on the table below:

The international production set for Nigeria and Austria is:
\(\begin{array}{c|c}
Products & Nigeria & Austria \\
\hline
Cocoa & 20 \text{tonnes} & 12 \text{tonnes}\\
\hline
Lace & 10 \text{meters} & 8 \text{meters} \\
\end{array}\)

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

  • A.2,2
  • B.2,1.5
  • C.1.5,4
  • D.1.5,2
  • E.0.5,1.5
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1984
Question no.
#0
Type
Objective

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