This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The body that is responsible for dating the beginning and ending dates for a recession is A) the ... (Read 50 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
The body that is responsible for dating the beginning and ending dates for a recession is
 
  A) the Congress. B) the National Bureau of Economic Research.
  C) the Bureau of Economic Analysis. D) the Fed.

Question 2

Pam, Pru, and Pat are deciding how they will celebrate the New Year. Pam prefers to take a cruise, is happy to go to Hawaii, but does not want to go skiing. Pru prefers to go skiing, is happy to go to Hawaii, but does not want to take a cruise.
 
  Pat prefers to go to Hawaii or to take a cruise but does not want to go skiing. Their decision is to go to Hawaii. Is this decision rational? What is the opportunity cost of the trip to Hawaii for each of them? What is the benefit that each gets?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Pam, Pru and Pat's decision to go to Hawaii is rational. All three of them considered the cost and benefit of various New Year's plans. All three were at least willing to go to Hawaii while Pam and Pat were unwil-ling to go skiing and Pru was unwilling to go on a cruise. The opportunity cost of the trip for Pam is a cruise; for Pru, it is skiing; and for Pat, it is a cruise. The benefit each receives is the pleasure, the relaxation, excitement, and/or knowledge gained from the trip.


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
:D TYSM

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Some scholars regard Walt Whitman as a poet of nature, and others, a poet of the body—a reference to Some scholars regard Walt Whitman as a poet of nature, and others, a poet of the body—a reference to
The leaky-barrel model: a settling-point model of eating and body weight homeostasis. The leaky-barrel model: a settling-point model of eating and body weight homeostasis.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Describe how fat is digested, absorbed, and transported in the body Describe how fat is digested, absorbed, and transported in the body
Your Body Digests, Absorbs, and Synthesizes Protein Your Body Digests, Absorbs, and Synthesizes Protein
Electrolytes in Body Fluids Electrolytes in Body Fluids
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library