Which of the Following Is Thought to Be the Primary

question 2

Multiple Choice

Which of the following is thought to be the primary reason for the existence of the unemployment rate gap between the United States and Canada?

• A) There has been a relative increase among Canadians in the fraction of non-working time spent searching for work relative to Americans.
• B) There is a longer duration of unemployment in Canada relative to the U.S.
• C) The aggregate demand conditions tend to be more favourable in the U.S.
• D) The labour force in Canada has a higher concentration of demographic groups that tend to exhibit higher rates of unemployment.
• E) Wages are higher in Canada, which reduces the quantity demanded for labour.

---

Definitions:

Implied Warranty

A guarantee embedded in transactions by law, based on the assumption that a product will meet certain standards of quality and reliability.

Escrow Account

A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.

Common Area

Shared spaces in a property such as hallways, lobbies, and amenities available to all occupants or tenants.

Legal Possession

Having control over a property or item according to law, with the right to use and manage it within legal parameters.