The Two Major Reasons for the Tremendous Growth in Output

question 20

Multiple Choice

The two major reasons for the tremendous growth in output in the Canadian economy over the last 125 years are

• A)population growth and budget deficit.
• B)population growth and increased productivity.
• C)low unemployment and budget surplus.
• D)low budget deficit and low trade deficits.

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Definitions:

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and societies accept and expect that power is distributed unequally.

Equality

The state of being equal, especially in status, rights, and opportunities, advocating for the same treatment and absence of discrimination.

Ambiguity

The quality of being open to more than one interpretation, lacking clear definition or boundaries, which can lead to uncertainty or confusion.

Country of Origin Effects

Refers to the influence that the country where a product was manufactured has on consumers' perceptions and attitudes towards the product.