Question: Help me draw the 4 different graphs Assignment Directions: To earn full credit you must draw graphs that have all of the following: Graph 1:
Help me draw the 4 different graphs

Assignment Directions: To earn full credit you must draw graphs that have all of the following: Graph 1: Draw a production possibilities model with 4 points labeled A, B, C, D, one inside, two on, and one outside the production possibilities curve. Explain the 4 points in terms of scarcity, choice, and efficiency. Graph 2: Draw a production possibilities model which illustrates economic growth. Graph 3: Draw a production possibilities model and using your own numbers, explain the concept of the law of increasing opportunity cost. Graph 4: Draw a production possibilities model for North Korea and label the Y axis Guns, and the X axis Butter, Put two points, A and B, on the curve. Using the two points, explain the concept of government (or market) failure. Attach and Submit in a Word, PDF, or pic format
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