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Explain how (if at all) each of the following events affects the location of a country's production possibilities curve (illustrate your answer with a diagram):
Explain how (if at all) each of the following events affects the location of a country's production possibilities curve (illustrate your answer with a diagram):
1.The rise of internet and computer industry.
2.A sharp rise in oil price has caused many workers to be laid off.
3.An outbreak of "killer flu" disease has reduced 1/3 of the country population.
4.Government's liberal immigration policy has attracted a million skilled workforce from overseas.
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