Discuss the Factors Which Have Led to a Growing Divergence

question 46

Essay

Discuss the factors which have led to a growing divergence of Canadian and American union membership rates since 1965,despite roughly similar economic experiences in the two countries,and indicate whether or not you expect the pattern of growing divergence to continue.

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.

Perceived Budget Line

The subjective view of the combination of goods and services that a consumer can purchase with their available resources, based on their perception of their budget.

Steeper Slope

Indicates a larger change in the y-value or dependent variable for a given change in the x-value or independent variable on a graph.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.