In recent years,many manufacturing firms in Canada have laid off workers.The best explanation of this trend is that:
A)firms have been trying to weaken unions by reducing their reliance on labour.
B)workers in Canada have become less productive and are no longer able to compete in the global economy.
C)the economy has been in a prolonged recession/depression that has lasted more than a decade.
D)the rising Canadian dollar and increasing global competition.

Question

Quizplus · Accepted Answer

The rising Canadian dollar has made exports more expensive, reducing demand and therefore reducing the need for production and workers. Additionally, the increasing global competition also puts pressure on Canadian firms to reduce costs and increase efficiency, leading to layoffs.

In Recent Years,many Manufacturing Firms in Canada Have Laid Off