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killerbear900 killerbear900
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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. Assume that Austria and Switzerland do not engage in international trade. In that case,



▸ the downward-sloping lines illustrate each country's consumption possibilities.

▸ Switzerland will produce all bicycles and no shoes.

▸ each country will consume according to comparative advantage anyway.

▸ each country will produce according to comparative advantage anyway.

▸ Austria will produce all shoes and no bicycles.
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Microeconomics

Microeconomics


Edition: 17th
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Hlh13Hlh13
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killerbear900 Author
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A year ago
Thanks for your help!!
Harvinder
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Yesterday
Good timing, thanks!
Marcie D
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2 hours ago
This helped my grade so much Perfect
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