What Is the Approximate Labour-Force Participation Rate of the Canadian

question 26

Multiple Choice

What is the approximate labour-force participation rate of the Canadian adult population (aged 15 and over) ?

• A) 47 percent
• B) 55 percent
• C) 66 percent
• D) 75 percent

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Definitions:

Natural Monopolies

Market situations where due to high fixed costs or unique resources, a single firm can supply a product or service more efficiently than any potential competitor, often resulting in regulation.

Public Utilities

Companies that provide essential services such as water, electricity, and gas to the public and are often subject to regulatory oversight.

Short Run

A timeframe in economics during which at least one input (like plant size) is fixed and cannot be changed, focusing on immediate operational decisions.

Long Run

A period in economic analysis where all factors of production and costs are variable, allowing for full adjustment to changes.