The Only Way for a Country Like Canada to Stay

question 33

Multiple Choice

The only way for a country like Canada to stay competitive and keep attracting work without suppressing wages is to:

• A) increase productivity
• B) decrease costs
• C) invest in innovation
• D) increase productivity and decrease costs
• E) increase productivity and invest in innovation

---

Definitions:

Labor Markets

The supply and demand for labor, where employers seek to hire workers and workers look for jobs, influenced by factors like wages, labor conditions, and economic policies.

Consumer Price Index

An index that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Consumer Price Index

A metric that tracks the average variation in prices that urban buyers pay for a selection of consumer products and services over a period.