Which of following is correct regarding the impact of globalization on the Canadian market?
A) The labour demand in the Canadian market will decrease.
B) If Canadian labour and foreign labour are close substitutes, cheaper foreign labour will lead to scale effects, which may increase the demand for Canadian labour and foreign labour.
C) The labour demand in the Canadian market will increase.
D) If Canadian labour and foreign labour are complements, cheaper foreign labour will lead to scale effects, which may increase the demand for Canadian labour and foreign labour.
E) Due to global competition, due to the change of product price, productivity of Canadian labour will decrease.
Correct Answer:
Verified
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