How Often Does Missouri Require Its Legislature to Submit the Question

question 133

Multiple Choice

How often does Missouri require its legislature to submit the question of a convention to the voters?

• A)Every year
• B)Every other year, when the legislature convenes
• C)Every five years
• D)Every ten years
• E)Every twenty years

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when a decision is made to choose one option over another.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that a society can produce with existing resources and technology, underlining the concept of opportunity cost.

Consumer Goods

Goods produced for direct consumption by the end customer, as opposed to goods used in the production of other goods.

Capital Goods

Physical assets that are used in the production of other goods and services and have a life expectancy of more than one year.