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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There would be more slave states than free states.
Answer:
False
Explanation:
Informed consent: In psychology, informed consent make sure that a client, research participant, and a patient is aware of all the possible costs and risks involved in a procedure or treatment.
Informed consent includes:
1. the researcher should tell the participant about the purpose of research, procedure and expected duration.
2. The right to withdraw from the study any time before and after the research has started.
3. Possible consequences.
It's called condensation.
