The most recent recession in the United States began in December 2007

Harry produces 2 balloon rides and 4 boat rides an hour. Harry could produce more balloon rides but to do so he must produce fewer boat rides. Harry is ________ his production possibilities frontier

A) producing inside B) producing on C) producing outside D) producing either inside or on

Which of the following statements is true?

a. Prestigious theaters that can sell tickets for operas for $500 should never sell tickets at $20 prices. b. You should never tip a host in a restaurant in order to avoid a long wait. c.Even though the pharmaceutical industry cannot stop other countries from selling lower price drugs to U.S. residents, the industry's efforts to price-discriminate are profitable. d.Perfect price discrimination can never lead to the most socially desirable level of output since it involves monopoly power.