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

Business

1 answer:

lana [24]3 years ago

7 0

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

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