The international production set for Nigeria and Austria is:
\(\begin{array}{c|c}
Products & Nigeria & Austria \\
\hline
Cocoa & 20 \text{tonnes} & 12 \text{tonnes}\\
\hline
Lace & 10 \text{meters} & 8 \text{meters} \\
\end{array}\)
from the table, it can be deduced that?
- Nigeria should produce cocoa and lace
- Austria should produce cocoa and lace
- Nigeria can benefit from producing lace only
- Nigeria should not produce any of the products because of her relative disadvantages
-
Austria should produce lace and Nigeria should produce cocoa
