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 |
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
Correct Answer:
Option C = Austria should produce lace and Nigeria should produce cocoa
300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…
300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…
300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…
300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…
200 Level Department of Tourism And Hospitality Management exam questions and detailed answers. Download the answers…
200 Level Department of Tourism And Hospitality Management exam questions and detailed answers. Download the answers…