A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

Suppose the world price of cotton falls. The demand for labor among cotton-producing firms in Texas will (increase/decrease) . The demand for labor among textile-producing firms in South Carolina, for which cotton is an input will (increase/decrease) . Both workers and firms will need some time to adjust to the new conditions. The unemployment resulting from such sectoral shifts in the economy is best described as ( structural/cyclical/frictional/seasonal)… I think its increase and decrease respectively but no intuition as to why.

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.