Over the Last Decade the Gains in Labour Productivity in Canada

question 6

True/False

Over the last decade the gains in labour productivity in Canada have been greater in the manufacturing sector than in the service sector.

Comprehend how market structures impact firms' incentives to engage in R&D and innovation.

Identify factors that influence a firm's ability to innovate and deal with imitation.

Understand the process innovation's role in increasing productive efficiency.

Recognize the impact of market structures on technological progressiveness and R&D spending.

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Definitions:

Covariance

A measure indicating the extent to which two variables change in tandem.

Variances

Statistical measures that represent the extent to which a set of numbers is spread out from their average value.

Portfolio

A grouping of investment tools like equities, bonds, raw goods, actual cash, and assets similar to cash, which also comprises mutual funds and ETFs.

Joint Probability Distribution

A mathematical description of the likelihood of two events occurring together and at the same point in time.