The Opportunity cost ratio for cocoa and lace Tor Austria and Nigeria is

By: |Published on: Mar 31|Categories: Economics JAMB| 0 comments

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. 1.5:2
B. 2:2
C. 2:1.5
D. 0.5:1.5

Correct Answer:

Option A = 1.5:2

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