8. Two students are discussing the topic "Govern-

ment Is Our Biggest Business." Dan believes that

some government activities are in direct competi-

tion with private businesses. He thinks that this is

unfair. He believes that government should limit

its activities to those that private businesses cannot

or will not take on. Brian thinks that government

should undertake any business activities that it

can perform better or at a lower cost than private

business. What do you think? Give some examples

of business activities undertaken by both private

businesses and by government.

poth

n-

Prohibition outlawed production and sale of alcohol. (by the way al capone rised during these times)

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Asolar eclipse occurs when the moon gets between earth and the sun, and the moon casts a shadow over earth. a solar eclipse can only take place at the phase of new moon, when the moon passes directly between the sun and earth and its shadows fall upon earth's surface.