N 1501, shortly after Christopher Columbus discovered America, Spain and Portugal began shipping African slaves to South America to work on their plantations. In the 1600s, English colonists in Virginia began buying Africans to help grow tobacco.
Answer:
Explanation:
6. Seafood industry is an example of primary industry.
7. Osaka is an important textile centre in Japan. It is called the Manchester of Japan.
8. Maruti Udyog come under joint sector.
9. Jamshedpur is the name of the place where TISCO began.
10. The first cotton textile mill was established in Ahmedabad in 1861
11. Silicon Valley is located near the Santa Cruz Mountains.
12. Regions like the Mumbai-Pune cluster and Chotanagpur industrial belt are important industrial regions of India.
13. The process of smelting is done in a reverberatory furnace.
14. Basket-weaving, handicraft, and pottery are examples of small scale
industries.
Answer:
The correct answer is letter "A": With the longer duration of unemployment benefits, firms needed to keep wages high to attract people to work. This caused downward wage rigidity, leading to persistent higher unemployment.
Explanation:
The Great Recession (2007-2009) is the period in U.S. economics when it suffered a high-scale dwindle as a result of the collapse in the real estate market and the subprime mortgage crisis. The financial sector collapsed as well forcing some banks to declare bankruptcy.
In this context, long-lasting unemployment benefits were provided such us <em>downward wage rigidity</em>, which implied employers were unable to reduce the salaries in dollar terms. By doing that, having low to none income, in order to meet their income objectives, major organizations had to lay off employees directly causing the rate of unemployment increase.
