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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Louis XIV, known as Louis the Great <span>or the Sun </span><span>King.</span>
Answer:
Divine Right Theory
The authority of the king was likened to the absolute authority of God over humanity, on one hand, and the absolute authority of the father over his family, on the other
Explanation:
The Trafficking Victims Protection Act (TVPA) of 2000
Trafficking Victims Protection Reauthorization Act of 2005
