Social Studies, 21.11.2019 03:31 thicklooney
Suppose the world price of cotton falls. the demand for labor among cotton-producing firms in texas will (increase/decrease) . the demand for labor among textile-producing firms in south carolina, for which cotton is an input will (increase/decrease) . both workers and firms will need some time to adjust to the new conditions. the unemployment resulting from such sectoral shifts in the economy is best described as ( structural/cyclical/frictional/seas onal)
Answers: 1
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Suppose the world price of cotton falls. the demand for labor among cotton-producing firms in texas...
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