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The newly published resource breaks down the Production Possibilities Curve, a crucial model used to illustrate trade-offs, opportunity costs, and efficiency in production.
For example, straight-line production facilities for a bakery include "floor space, electricity, natural gas and ventilation," according to "Baking Management," a magazine for the baking industry.
How would this change in the adult labor force impact the production possibilities curve?
Watch this clip and consider the impact of the Baby Boom generation on the US labor force in the 1970's-1980's. How would this change in the adult labor force impact the production possibilities ...