Using this: https://www.bbc.com/news/business-48760799

1. Using the model of technological exchange, Explain in words what is happening, or predict is likely to happen in the article, and why? Identify the specific good that is being produced, the technology that is changing, and the change in resource prices that is driving the change in technology?

2. Draw a production function graph for the good in article and show the change on the graph.Explain in words what is happening, and how these changes will affect GDP per capita.

3. Explain whether the economy is likely to fall into a Malthusian trap as a result of the change in the news article. Does Malthus' argument apply in this case? Why or why not?

4. Identify at least THREE factors that are relevant to the situation but which your models do not take into account, or questions that the analysis leaves unanswered.