When the Automobile Replaced Horse-Drawn Carriages as the Principal Means

question 302

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

• A) cyclical unemployment.
• B) structural unemployment.
• C) frictional unemployment.
• D) frictional and cyclical unemployment.

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Definitions:

NaOH

Sodium hydroxide, a highly caustic base and alkali that is used in several industries, commonly known as lye.

P-Nitrophenol

An organic compound with the formula C6H5NO3, characterized by a phenol group orthogonally bonded to a nitro group, known for its acidic properties.

Benzene

A colorless, flammable liquid hydrocarbon with a strong aroma, consisting of a ring of six carbon atoms with alternating single and double bonds; a fundamental component of organic chemistry.

Suzuki Reaction

A cross-coupling reaction involving the palladium-catalyzed cross-coupling between organoboron compounds and halides or pseudohalides to form biaryls.