Multiple Choice
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 only
B) ii only
C) i and iii
D) i and ii
E) ii and iii
Correct Answer:

Verified
Correct Answer:
Verified
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