1.In 2020, the government of Canada was looking to obtain ventilators for their hospitals to enable the hospitalsto treat COV-ID19 patients and other patients with breathing difficulties. CAE is a Canadian aircraft simulation equipment and training company and agreed to produce these ventilators for the government by switching production manufacturing from some of their current products.(10 Marks)

a.Identify the elements of scarcity, choice, and opportunity cost for CAE. (6 Marks)

b.Discuss the effect on CAE's production possibilities curve (PPC) when they decided to manufacture the ventilators? Include a graph, if necessary. (2 Marks)

c.Discuss the ethical considerations for CAE regarding the production possibilities of the ventilators. (2 Marks)