One Plausible Explanation of the Canadian Productivity Slowdown Starting in 1973

question 29

Multiple Choice

One plausible explanation of the Canadian productivity slowdown starting in 1973 is that is was the result of sectoral shifts.The relevant sectoral shift in Canada was a shift from

• A) manufacturing to services.
• B) services to manufacturing.
• C) services to information technology.
• D) manufacturing to information technology.
• E) oil to natural gas.

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Definitions:

Competencies

The combination of skills, knowledge, and abilities that are required to perform a specific job or function effectively.

Human Capital Stock

The amount of any specific form of human capital that is available to the firm at any given time.

Knowledge

Information, understanding, and skills that individuals acquire through experience, education, or training.

Knowledge

Knowledge is the theoretical or practical grasp of a subject, gained through education or experience, encompassing the information, skills, and comprehension obtained.