When the automobile replaced horse-drawn carriages as the ...

[burton19126]

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.

[shoemake]

Answer to Question 1

C

Answer to Question 2

D

[burton19126]

TYSM

[bigcheese9]

Gracias!