The Following Diagrams Show the Production Possibilities Boundaries for Austria

question 28

Multiple Choice

The following diagrams show the production possibilities boundaries for Austria and Switzerland,for the production of bicycles and shoes. FIGURE 32-2 Refer to Figure 32-2.The diagrams illustrate that the ________ is lower in Austria than in Switzerland.

• A)opportunity cost of producing shoes
• B)opportunity cost of producing bicycles
• C)total cost of producing shoes
• D)average cost of producing bicycles
• E)comparative advantage in producing bicycles

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