Author Question: When the automobile replaced horse-drawn carriages as the principal means of transportation, firms ... (Read 81 times)

burton19126 · **on:** Jun 29, 2018

When the automobile replaced horse-drawn carriages as the principal means of transportation, firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers, thereby increasing

i. seasonal unemployment.
ii. structural unemployment.
iii. cyclical unemployment.
A) i and iii B) ii and iii C) ii only D) i and ii E) i only

Question 2

Refer to the table above. The official settlements account balance is

A) -1,100 billion.
B) -10 billion.
C) 1,100 billion.
D) 10 billion.
E) 0.