Answer:
decrease
increase
Frictional
) establishing government employment agencies to connect unemployed workers to job vacancies
Explanation:
The options needed to answer the last question are :
a) extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government
b) establishing government employment agencies to connect unemployed workers to job vacancies
c) offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks
The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
It follows that if the world price of cotton falls, the quantity supplied would fall too as firms would reduce their production of cotton. If firms reduce their production of cotton, they would need less labour and the demand for Labour would fall.
In the industry that makes use of cotton has an input, the fall in world price would make cotton cheaper. The firm would increase the quantity demanded for and as a result production would increase. Firms would need more labour as a result of the increase in production. Therefore, the demand for Labour would increase.
Frictional unemployment is unemployment that results as a result of labour moving from one job to another
Establishing government employment agencies to connect unemployed workers to job vacancies would ease the job search of labour and reduce unemployment.
I hope my answer helps you
