For each of the following events, describe the likely effect on the country's production possibilities curve

(PPC).

1.Start with a PPC like the one below and draw the likely change.

2.In each case, specify the appropriate labels for both axes in the diagram. Note: you will have four separate diagrams, all labelled and showing the change below. (You can make this is a word document using the tools there, or you can do in excel, or you can simply draw it on a piece of paper, take a picture with your phone and upload the picture to your computer and attach it here.)