133k views
5 votes
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 _______ unemployment.

User Phsiao
by
7.3k points

1 Answer

7 votes

decrease, increase,frictional

User Shrirang
by
6.6k points