Answer:
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If the world price of cotton falls, firms will be less willing to supply cotton. Therefore, fewer cotton firms may open, or few people will be employed in the cotton-producing industry; therefore, the demand for labour for cotton-producing firms in South Carolina will decrease.
Since the world price of cotton falls, a textile-producing firm in South Carolina which uses cotton as only one aspect of their textiles, textile firms can buy more cotton since it's cheaper and will reduce costs. Since this is the case, the demand for cotton will increase. Because of this, more textiles need to be made, and so the demand for labour increases as a result.
The unemployment resulting from such sectoral shifts in the economy is best described as structural since demand for labour is decreasing in the primary sector and increasing in the secondary sector of the industry.<span>
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This quote is extremely thoughtfuland adds to the insightful tone Emerson made. Profound words and illustrations underline the importance of this quote as welland thusly to the whole article.
Emerson assert here is that individuals shouldn't adjust to society and that we ought to take after our own particular dreams and aspirations. He grasps the perspective of independence in this exposition
<span>Pope Leo X lives in Vatican City, which is inside Rome. So, Rome was the central power of Europe at that time.
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When trying the rebuild the St. Peter's Basilica the church ran out of money for the project. So, Pope Leo X started selling indulgences for money.
Sorry I only got two.
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