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Igoryamba
3 years ago
15

4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand

for labor among cotton-producing firms in Texas will . The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment.
Business
1 answer:
antoniya [11.8K]3 years ago
5 0

Answer:

The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

This is because it is temporary and people in the affected sector could opt for jobs in other performing sectors of the economy.

Explanation:

Suppose the world price of cotton falls substantially, the following scenario will ensue.

The demand for labor among cotton-producing firms in Texas will reduce .

The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will also decline .

The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

Frictional unemployment is seasonal employment that could occur when there is no demand or work period is completed unlike structural unemployment that can last for long.

It is a temporary unemployment situation because workers in the cotton industry could opt for jobs in other performing sectors of the economy.

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Answer:

A. cause and effect

Explanation:

Based on the scenario being described within the question it can be said that the structure that is being mentioned is known as cause and effect. This basically refers to a structure in which the action or cause is written and detailed out on one side while the result/effect is written and detailed out on the opposing side to indicate a connection between both.

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are four fundamental resources—natural resources, capital, human resources, and entrepreneurship—that both businesses and nonpro
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D) Factors of production

Explanation:

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L = \frac{P - MC}{P}\\where:\\L = Lerner\ index\\P = price = \$40\\MC = marginal\ cost = \$20\\\\L = \frac{40\ -\ 20}{40} \\L = \frac{20}{40}\\ L = 0.5

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monopolistically competitive industry.

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