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Why is it important that Canada increase its productivity?
Study Time
The period dedicated to educational activities or acquiring knowledge through reading, practice, and research.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.
Opportunity Cost
The value of the next best alternative foregone as the result of making a decision.
Preferred Alternative
The most favorable option or choice among a set of possibilities, especially in the context of decision making or policy formulation.
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