Certain sectors in the Canadian economy have experienced a significant decline in employment.Which of the following best explains this job loss in specific industries?
A)There has been a decline in the productivity of labour in these industries.
B)Workers lost these jobs because worker productivity in the sector increased.
C)Government regulations have eliminated profit opportunities in these industries.
D)The Canadian economy cannot compete in the global environment.

Question

Quizplus · Accepted Answer

Increased worker productivity can lead to job losses as fewer workers are needed to produce the same amount of goods or services.

Certain Sectors in the Canadian Economy Have Experienced a Significant