Question

Approximately two decades after a "baby boom," one could expect___________.

a. ​ a movement along the production possibilities curve from one point to another.
b. ​ an outward shift of the production possibilities curve along both axes.
c. ​ production to change from an interior point to a point along the production possibilities curve.
d. ​ an inward shift of the production possibilities curve.

Answer 1

Answer:

b. an outward shift of the production possibilities curve along both axes

Explanation:

As we know that outward shift refers to the growth.

Baby boomers is a term used for the human generation born between 1946 and 1964 after the end of world war 2 when the birth rate across the world was narrowed and thereafter the emerging births of new infants were known as Baby Boom.

The main reasons of this outward shift were:

• People started new families to cover the life gap of the loved ones they lost during the world war
• People hoped that coming era will be of peace and business growth which they actually saw thereafter
• People hoped to see the economic growth in upcoming years leading them towards business expansions and production growths as well