Question: Using this link about The increasing use of robots in manufacturing: https://www.bbc.com/news/business-48760799 Explain in words what is happening, or predict what is likely to happen

Using this link about "The increasing use of robots in manufacturing": https://www.bbc.com/news/business-48760799

  1. Explain in words what is happening, or predict what 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 the 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

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