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4. (7 marks) There is no way Canada can compete in international markets with a country which pays its workers as little as (4)h of what Canadian workers are paid. Do you agree? Justify your position. 5. (8 marks) Would reductions in the use of overtime work (by raising the overtime premium) translate into an equivalent number of new jobs for other individuals? Why or why not?
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4. No, I dont agree with the given statement. This is because while making comparisons based on wages paid to workers, the comparison must be made after making cost of living adjustment or after taking PPP into adjustment. A $100 wage in high for Indian r workers in US. Thus, making on wages in absolute terms would be an incomplete thing to do and thus no conclusions must be made on that. 5. Yes This is because reducing overtime work would reduce work done by each worker but a certain factor or proportion. This would thus increase the amount of work undone in an organization and thus increase the demand for new workers.

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