Why Does Canada's Productivity Growth Increasingly Lag Behind Its Main

question 12

Multiple Choice

Why does Canada's productivity growth increasingly lag behind its main competitors?

• A) Canadian organizations do not have the same economies of scale.
• B) Canadian organizations do not invest enough resources in training and development.
• C) Canadian organizations do not follow the voluntary training laws in Canada.
• D) Canadian companies have access to a large source of skilled labour.

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Definitions:

Income

The financial money received, especially on a regular basis, for work, through investments, or from business activities.

Steak

A high-quality cut of meat taken from the hindquarters of an animal, typically beef, prepared by grilling, frying, or broiling.

Elastic Demand

A situation where the demand for a product changes significantly in response to a change in price.

Short Run

A period in which at least one input is fixed and cannot be changed by the firm.