What Is One of the Major Problems California Faces to Balance

question 5

Multiple Choice

What is one of the major problems California faces to balance the budget?

• A) Legislators do not attend the necessary budget meetings, thereby causing serious delays.
• B) California's constitution requires citizen approval of the budget before the legislature can pass a budget bill.
• C) California requires a two-thirds vote to raise or lower taxes.
• D) Legislators have used filibusters to stop the budget committee.

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Definitions:

Compete

The act of entities or individuals striving against others for a common objective, such as market share or victory in a game.

Monopolistic Competition

A market structure in which many companies sell products that are substitutes for each other but not perfect substitutes, thus combining elements of monopoly and perfect competition.

Free Entry

A market condition where new firms can enter the industry without facing significant barriers, promoting competition.

Product Differentiation

The act of differentiating a product or service to make it appealing to a specific target audience.