Draw a production possibilities curve with the y-axis as measuring guns and the x-axis as measuring butter. On the graph, label arbitrary Points A, B, C and D that represent efficient combinations of output; Point E which is beyond the economy's ability to produce; and Point F which represents an inefficient level of production. Be sure to label your axes and each point clearly.

3.Illustrate a production possibilities curve for automobiles and food that is bowed outward with automobiles on the y-axis and food of the x-axis. Show and explain what is likely to happen to the production possibilities curve given the following scenarios: (5 pts)

(a)The country has experienced a devastating and destructive hurricane

(b)A technological advancement in food production but not in automobiles production

(c)There is a significant growth in the economy of the country