Which of the Following Statements About Referenda and Initiatives Is

question 3

Multiple Choice

Which of the following statements about referenda and initiatives is accurate?

• A) National referenda in the United States and Canada are largely used for taxation and economic policy matters.
• B) Constitutional reform is not subject to reform by referenda because of the ease with which most referenda are passed.
• C) Formal power to call national referenda lies with the head of state in many European countries.
• D) Referenda in the United States are more often used at the national level than at the local or state level.

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Definitions:

Optimal Level

The most efficient, effective, or desirable point or state for a specific goal or condition, often in economic and operational contexts.

Market Supply Curve

Represents the total quantity of a good or service that all producers in a market are willing to sell at different price levels, at a given time.

Shift

A change in the position of a demand or supply curve, indicating a change in the quantity demanded or supplied at every price.

Subsidy

Financial aid supplied by the government to an industry or business, with the aim of keeping prices low for consumers or aiding the business to be competitive.