Which of the following is the most likely explanation for Canada's mini recession in 2015?
A)Ontario car makers became more optimistic about export opportunities in the United States.
B)Households became more concerned about their future incomes.
C)The government was rapidly cutting spending in attempt to balance the budget.
D)Falling oil prices made investing new oil rigs and processing facilities less attractive investments.
E)Canada entered into a trade war with Europe.

Question

Quizplus · Accepted Answer

Falling oil prices made investing in new oil rigs and processing facilities less attractive investments. Canada's economy has a heavy reliance on the oil and gas sector, and the drop in prices led to reduced investment and job losses, contributing to the mini recession.

Which of the Following Is the Most Likely Explanation for Canada's