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1. Suppose that a production possibilities curve for an economy can be drawn with manufactured goods on the vertical axis and agricultural goods on the
1. Suppose that a production possibilities curve for an economy can be drawn with manufactured goods on the vertical axis and agricultural goods on the horizontal axis. Using this model, please show the effects of the following events: a. \"On March 25, 1911, the Triangle Shirtwaist Company factory in New York City burned, killing 145 workers. It is remembered as one of the most infamous incidents in American industrial history.\" (http:l/wwwhistory.com/topics/triangle-shirtwaistfire ) b. \"The inuenza pandemic of 1918-1919 killed more people than the Great War, known today as World War I (WW I), at somewhere between 20 and 40 million people. It has been cited as the most devastating epidemic in recorded world history. More people died of inuenza in a single year than in four-years of the Black Death Bubonic Plague from 1347 to 1351. Known as "Spanish Flu" or "La Grippe" the inuenza of 1918-1919 was a global disaster.\" (httpszllvirusstanford.edu/uda/)
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