Question

Modern Austria followed Switzerland's economic model by a. exploiting its natural resources b. developing skilled-labor industries c. engaging in strip mining d. relying on a tourism industry

Answer 1

Modern Austria followed Switzerland's economic model by relying on a tourism industry

Answer: Option D

Explanation:

The economy of Switzerland is mainly dependent on the tourism and service sector especially banking services. Modern Australia developed its tourism industry to overcome the recession and increase its GDP.

Tourism in Australia, both domestic and international adds a significant portion to the economy of the country. Domestic tourism in Australia accounts for almost 73% of the total tourism GDP. The number of visitors to Australia has been increasing thereby boosting the economy.

Answer 2

The correct answer is B: Developing skilled-labor Industries.

Austria followed Switzerland's model by developing skilled-labor Industries. Austria as an extended market economy as well as a skilled labor force. Modern Austria economy features include highly developed agricultural sector,  a large service sector.