Essay
In spring 2010, an explosion on an offshore oil-drilling rig caused 11 deaths and a major oil spill in the Gulf of Mexico. Shortly thereafter, the U.S. government declared a moratorium on oil drilling in U.S. territorial waters in the Gulf of Mexico and a re-examination of offshore drilling regulations. What were the expected short- and long-run effects of these actions on labor in Gulf coastal states?
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The expected short-run effects of the mo...View Answer
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