Approximately What Proportion of Employed Canadians Worked Part-Time in 2012

question 19

Multiple Choice

Approximately what proportion of employed Canadians worked part-time in 2012?

• A) About 5 percent.
• B) About 20 percent.
• C) About 40 percent.
• D) About 50 percent.

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Definitions:

Industry Entry

The process by which new competitors join an industry, often bringing innovation or increased competition.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers exactly equal to the cost of producing it.

Economic Profit

The gap between the total income and the sum of all expenses, covering both direct and indirect costs.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes by an infinite amount in response to any change in price; highly responsive.