The answer is B, "<span>Citizens vote directly on a proposed law in their city or state." Referendums can be held for a variety of political reasons, but they always require the votes of people directly, not through any political channels. </span>
Answer:
The correct option is B) the opportunity cost of producing a bushel of wheat is lower for Canada than it is for the U.S.
Explanation:
In economics, opportunity cost can be described as choosing an option from alternatives . Foe example, if we spend our time watching a movie,we lost our time for reading a book.
If the opportunity cost to produce a product will be lower, that means that the product will be more beneficial. For example, due to certain circumstances the opportunity cost of producing a bushel of what is lower as compared to that of U.S. Hence, Canada will have comparative advantage when compared with U.S.
Answer:
Remember:
- The economy runs on money and doesn't like uncertainty
- A recession is when the economy takes a really big hit
- When a business closes - especially a big one - money is lost
When a business closes, consumers have to spend their money in a different sector, or they end up saving what they were expected to spend. This causes a fluctuation in the markets, something the economy doesn't like. For example, right now, many businesses are temporarily shutting down, while others are closing permanently. This has caused the economy to spiral downhill because the money flow has changed. People are no longer spending money on things like entertainment, and are instead stocking up on essentials. However, other people can't pay their staff's wages and are considering closing their businesses. When one business closes, the workers aren't getting paid, the consumers aren't spending money, and the economy get's nervous. I hope this makes sense :)
