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Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ______. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will _______. The temporary unemployment resulting from such sectoral shifts in the economy is best described as ___________.
decrease, increase,frictional

Respuesta :

andreafernandez

Answer:

Decrease, Increase and frictional

Explanation:

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will DECREASE. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will INCREASE. The temporary unemployment resulting from such sectoral shifts in the economy is best described as FRICTIONAL

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