Use the diagram below to answer the questions.(a) If the economy's production possibilities curve is shown by curve AB, then draw in a new curve, which indicates positive economic growth.(b) If the economy illustrated by production possibilities curve AB is producing at point 4, what economic problem does this represent for this economy?
(c) What are some of the factors, which could cause a shift from AB to EF? 
Definitions:
Knowledge
Information, awareness, or familiarity gained through experience or education.
Residual Information
Data or knowledge that remains after the main information has been processed or conveyed, often providing additional insights.
Heuristics
Mental shortcuts or rules of thumb that simplify decision making, often used to speed up the process of finding a satisfactory solution.
Bounded Rationality Model
A concept suggesting that individuals make decisions based on the limited information they have available and within the constraints of their mental capacity.
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