The four factors of production are labor, capital, land (natural resources), and entrepreneurship. Let's focus on the labor factor and its wage patterns in Canada. First, search the Internet and find the top ten highest paying jobs in Canada. List your findings with their average salaries. Does your list and the salaries make economic sense? Any surprises?

Next, go to the Statistics Canada website by clicking the following link:

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410006301&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=2.2&pickMembers%5B2%5D=3.1&pickMembers%5B3%5D=5.1&pickMembers%5B4%5D=6.1

The link will display a table of average hourly rates of employees across industries in Canada. Which of the two sectors displayed on the table (goods versus services) has the higher average wage? Why do you think this is so? Within each of the two sectors, which category (industry) has the highest average wage? Do current trends in Canada support this?

Finally, take a look at Canada's Labor Force Survey Report of June 2019 by clicking the following link:https://www150.statcan.gc.ca/n1/daily-quotidien/190705/dq190705a-eng.htm

In one paragraph reflect on any new insights these data have provided you on the explanation of variations on wage rates by industry.