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What is the most likely mechanism for the following reaction?
Production Possibility Frontier
An illustration representing the maximum production capabilities for multiple goods with a certain amount of resources.
Opportunity Cost
The economic consequence of bypassing the closest better choice when making a decision.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology, etc.), assuming all resources are fully and efficiently utilized.
Labor Force
The total number of people who are employed and those actively seeking employment in an economy.
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