The following data give the dates of successive turning points in u. s. economic activity and the corresponding levels of real gdp at the time. turning point date real gdp (1965)(a) july 1953 1992.2(b) may 1954 1941.0(c) april 1957 2182.7(d) april 1958 2117.4(e) april 1960 2391.0which of the turning points are troughs? a. (a), (b), and (c)b. (c), (d), and (e)c. (a), (c), and (e)d. (b) and (d)

the answer should be demonstrations i hope this

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.