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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Answer:
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Answer:
d). they base their conclusions on models that make different assumptions.
Explanation:
Economist are persons who studies economics and the past historical trends and then make them to forecast the future trends. Basically an economists analyzes the issues including consumer demand or sales to help an organization maximize the profits.
When an economist is given two different government policies and is ask to choose between them, they tend to disagree because economist generally make their conclusions on the basis of their models which end up in having different assumptions.
Models help the economist to predict and explain the economic behavior in the real world.
Hence the answer is (d)
This is based on "The Great Gatsby", a novel that was written by <span>F. Scott Fitzgerald. And in this novel, Fitzgerald connects the behavior of the characters to the hottest day of the summer because of the way they acted. They were so heated and are angry that makes this linked to the hottest day.</span>
We get up at the right time because our senses can detect what time it is