A. Identify the FOUR (4) assumptions underlying the Production Possibilities Curve. (4 marks) Ireland is known for the production of Houses and Agricultural products. The following is a production possibility schedule for Ireland. COMBINATIONS Houses Agricultural Products A 0 150 B 10 145 C 20 130 D 30 100 E 40 60 50 0 B. Draw and label the PPC for Ireland. Place houses on the Y-axis. (9 marks) C. i. Use the letter K to illustrate a point of economic inefficiency on your graph. (I marks) ii. Explain why this point represents economic inefficiency. (2 marks) D. Explain THREE (3) factors that may cause a shift of the PPC to the right. (6 marks) E. The typical shape of a PPC bow outward or concave. Explain what this shape illustrates. (3 marks) F. Assuming that the Government increases resources to the Housing sector causing output to increase by 100%, illustrate this on a new graph. (5 marks) (TOTAL 30 marks)