The Productivity Slowdown in Canada That Began in the 1970s

question 76

Multiple Choice

The productivity slowdown in Canada that began in the 1970s has been attributed, at least partly, to each of the following except:

• A)running out of new ideas about how to produce.
• B)a deterioration in the quality of education.
• C)a decline in the number of workers in the labour force.
• D)a lower average level of experience among workers.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum quantity of one good that can be produced for any given quantity produced of another good, given the resources and technology available.

Technological Change

The development and application of new technologies and methods in production, often leading to increased efficiency and productivity.

Unemployment

The situation when individuals who are capable of working and willing to work are unable to find employment.

Economic Resource

Resources utilized in creating goods and services, including land, labor, capital, and entrepreneurship.