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In 2012‒13, Canada Ranked in the Top 10 in Terms

question 238

True/False

In 2012‒13, Canada ranked in the top 10 in terms of international competitiveness, as reported by the World Economic Forum.


Definitions:

Equilibrium Price

The price point where the supply of items meets the demand for the same items exactly.

Marginal Cost

This refers to the cost incurred in the production of one additional unit of goods or services, emphasizing its role in pricing and production decisions.

Trusts

Legal arrangements where one party holds property or assets on behalf of another party, often used for the purpose of managing, protecting, or passing on wealth or property.

Production

The act of blending various tangible and intangible inputs, including designs and know-how, to create an end product for use.

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