Which of the following statements is true about the Canadian economy?
A)Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly.
B)Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low.
C)Each year, many new jobs are created and many existing jobs are destroyed.
D)Each year few jobs are created, and therefore it takes the unemployed a long time to find a new job.
E)Each year many more jobs are destroyed than are created.

Question

Quizplus · Accepted Answer

The Canadian economy, like many advanced economies, is dynamic, with many new jobs being created and many existing jobs being destroyed each year. This constant churn is part of the economic cycle and reflects changes in technology, consumer preferences, and global economic conditions.

Which of the Following Statements Is True About the Canadian