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yojoe102 yojoe102
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A year ago

The following diagrams show the production possibilities boundaries for Austria and Switzerland, for the production of bicycles and shoes.



FIGURE 19-2

Refer to Figure 19-2. The diagrams illustrate that Switzerland



▸ has a higher consumption of bicycles than Austria.

▸ has an absolute advantage in the production of bicycles.

▸ has a comparative advantage in the production of shoes.

▸ has a comparative advantage in the production of bicycles.

▸ has an absolute advantage in the production of shoes.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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ikiddingikidding
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A year ago
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yojoe102 Author
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A year ago
Thanks
jayfo05
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Yesterday
this is exactly what I needed
klyn
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2 hours ago
This site is awesome
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