The Following Diagrams Show the Production Possibilities Boundaries for Austria

question 94

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.If Austria and Switzerland engage in free trade with each other,it is likely that Switzerland will specialize in the production of ________ and Austria will specialize in the production of ________.

• A)bicycles; bicycles
• B)shoes; bicycles
• C)shoes; shoes
• D)bicycles; shoes

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Definitions:

Willingness To Help

The propensity of an individual to offer assistance or support to others without coercion or expectation of return.

Group's Pressure

The influence exerted by a group on individuals to conform or adhere to group norms and expectations.

Dual Process Theory

A cognitive psychology theory that explains different levels of information processing in decision making: an automatic, unconscious process and a controlled, conscious process.

Informational Influence

A psychological phenomenon where an individual conforms to the attitudes or behaviors of others because they are perceived as a source of accurate information.