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FIGURE 33- 2 -Refer to Figure 33- 2. Assume That Austria and Switzerland

Question 47

Multiple Choice

  FIGURE 33- 2 -Refer to Figure 33- 2. Assume that Austria and Switzerland do not engage in international trade. In that case, A)  each country will produce according to comparative advantage anyway. B)  Switzerland will produce all bicycles and no shoes. C)  the downward- sloping lines illustrate each country's consumption possibilities. D)  each country will consume according to comparative advantage anyway. E)  Austria will produce all shoes and no bicycles. FIGURE 33- 2
-Refer to Figure 33- 2. Assume that Austria and Switzerland do not engage in international trade. In that case,


A) each country will produce according to comparative advantage anyway.
B) Switzerland will produce all bicycles and no shoes.
C) the downward- sloping lines illustrate each country's consumption possibilities.
D) each country will consume according to comparative advantage anyway.
E) Austria will produce all shoes and no bicycles.

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