Given the Fact That the Productivity Slowdown of the Mid-1970s

question 20

Multiple Choice

Given the fact that the productivity slowdown of the mid-1970s to the 2014 affected all industrial countries, which of the following explanations for the productivity slowdown in Canada is not likely to be correct?

• A)A deterioration of the Canadian education system caused a decline in the quality of labour.
• B)High oil prices increased costs.
• C)Services became a larger fraction of GDP.
• D)Firms had to meet stricter environmental regulations.

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Definitions:

False Reference

Referring to something that does not exist or is misrepresented, often leading to confusion or misunderstanding.

Fallacy

An erroneous argument or reasoning, often resulting from incorrect premises or invalid logic.

Valid Argument

An argument whose structure ensures its conclusion follows logically from its premises, without contradiction.

Counterexample

An example that opposes or contradicts an argument or theory, often used to disprove general statements.