Based on the information in the text above, use a production possibility curve (PPC)diagram to illustrate the effect of grounded planes and job losses on an economy during the collapse of air travel in recent times. Assume that the economy was initially producing on the boundary of the PPC.

Based on the information in the text above, use a production possibility curve (PPC)diagram to illustrate the effect of an economy that pivots away from non-performing industries to other popular industries. Assume that the economy was initially producing on the boundary of the PPC. c) Explain two features of an economy that produces on the boundary of the PPC.