When the City of Calgary Proposed a Bid to Host

question 5

Multiple Choice

When the city of Calgary proposed a bid to host the 2026 Winter Olympics, what percentage of residents voted down the proposal in a 2018 referendum?

• A) 51%
• B) 56%
• C) 61%
• D) 66%

---

Definitions:

Accounting Profit

The financial gain calculated by subtracting total explicit costs from total revenues, excluding the consideration of implicit costs or opportunity costs.

Economic Profit

The gap between a company's total earnings and its combined explicit and implicit expenses.

Total Output

The total quantity of goods or services produced by an economy, firm, or production process within a given period.

Total Revenue

The complete amount of money received by a company or organization from its business activities, such as sales of goods or services, before any expenses are subtracted.