Certain Sectors in the Canadian Economy Have Experienced a Significant

question 14

Multiple Choice

Certain sectors in the Canadian economy have experienced a significant decline in employment.Which of the following best explains this job loss in specific industries?

• A)There has been a decline in the productivity of labour in these industries.
• B)Workers lost these jobs because worker productivity in the sector increased.
• C)The Canadian economy cannot compete in the global environment.
• D)Government regulations have eliminated profit opportunities in these industries.

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Definitions:

Warranties of Title

Guarantees provided by a seller to a buyer that they legally own the item being sold and have the right to sell it.

Course of Dealing

The pattern of previous conduct between parties to a contract that establishes a common basis for their understanding.

Trade Usage

Common practices or customs within a particular industry, which can sometimes be recognized as legally binding in contractual agreements.

Express Warranty

A promise or guarantee made by a seller regarding the quality, functionality, or condition of a product, specifically stated to the buyer.