What Has Been the Impact on Canadian Manufacturing Jobs from Global

question 51

Multiple Choice

What has been the impact on Canadian manufacturing jobs from global competition?

• A) The skill level required has decreased.
• B) They require more workers for the same level of production.
• C) They have moved to low-wage countries.
• D) The competition has decreased.
• E) The pay scale has increased.

---

Definitions:

Economic Decisions

Refers to choices made by individuals, businesses, or governments regarding allocation of resources to satisfy various needs and wants.

Aggregate Supply

The total supply of goods and services available to a particular market from producers at different price levels.

Discretionary Policy

A policy where government entities, like central banks or governments themselves, decide on actions or measures to take based on current economic conditions.

Self-corrective Forces

Mechanisms within the market economy that work to naturally correct imbalances and return the economy to a state of equilibrium without external intervention.