Question

choose the correct options from the following

O increases in the quantity of labour supplied to the market (i.e. women entering the labour force) plays a much more important role than technological change does O technology has played the most important role in Canada's economic growth of any growth factor. However, the second part of the statement is probably true. O as technology became easier to obtain copyright violations and plagiarism increased exponentially to mitigate any possible gains in economic growth. O increases in the quality of labour supplied to the market (i.e. more highly educated workforce) plays a much more important role than technological change does O for example, manufacturers of products need public roads to get the goods to retail locations for purchase by consumers. O public goods are not available for privately owned firms to use at their own discretion. O for example, consumers need roads to drive their cars on to get to work O private capital goods are substitutes to public capital goods.

Answer 1

(A)

So by looking at the above arguments we can say increased in the number of educated workforces has affected the market most rather then technological change definitely we need technology for our growth, but who will be there to use it and how we can make the proper use of technology if we don't have educated workforce, to evolve the continuously itself we need educated workforce, thus I can say educated workforce should be a priority for society rather than technology because these educated workforces are needed for technological evolution apart from it better optimization of technology and resources can only be done by an educated workforce only. thus the option fourth is correct

(B)

Basically, public goods are those goods which can be used by anyone but it should not affect the utility of other people that means all have equal rights to use it but they cannot claim it or use it as per their discretion thus public goods can be used by everyone but it cannot be molded as per the wish of any particular individual or private party, thus the correct answer would be the option second.

(C)

So as we know whenever their is an increase in population the overall demand for goods will increase and thus the same happens in the case of immigrants as whenever there is an increase in the immigrants number in any particular nation there will be an increase in demand but along with it we can get more labor workforce which may or may not be good for economy so definitely if the economy is booming it will be better for the nation otherwise, they will be like burden for the whole nation and thus the overall unemployment rate will increase, thus the option third is correct