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guapka [62]
4 years ago
9

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ______. T

he 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 ___________.
decrease, increase,frictional
Business
1 answer:
Maslowich4 years ago
4 0

Answer:

Decrease, Increase and frictional

Explanation:

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will <u>DECREASE</u>. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will <u>INCREASE</u>. The temporary unemployment resulting from such sectoral shifts in the economy is best described as <u>FRICTIONAL</u>

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