questions 1-4.

docs.google.com C + 88 h Hulu | Watch B Afro-Latino C... B Carolina Maria... Afro- Latino C... N Netflix x Econ 202- DPAB... Course Hero M Connect Sign.. Q PHY SCI 101 c... G Google Econ 202- DPAB * d Share E File Edit View Insert Format Tools Add-ons Help Last edit was seconds ago 100% Normal text Arial 12 + B I U A . G P . SEE BEX EV EEX 31 1 1 1 : 4 . 1 1 1 5 . 1 1 1 16 1 7 Future advancement in technology will lead to greater efficiency in production. Extra Points (3 points) 1. What does the idea of scarcity mean and what does it implies? Briefly explain. 2. Does your going to college have anything to do with expanding choices or reducing scarcity? Briefly explain + 3. What causes a production possibilities frontier to shift outward? Briefly explain. 4. Do you agree with the following statement which appeared in a local newspaper: "Our junior high school serves a splendid hot meal for 55 cents without costing the taxpayer anything, thanks in part to a government subsidy". Briefly explain (1 point) +