JAMB - Economics (1981 - No. 43)
From the table, we can correctly say in respect of international trade that
country I has absolute disadvantage in the production of both cocoa and cloth
country I has absolute advantage in the prodcttion of both cocoa and cloth
country ll has absolute advantage in the production of both cocoa and cloth
country ll has a comparative advantage in the production of cocoa
country ll should leave the production of both cocoa and cloth to country l.
Comments (0)
