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

question 39

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 ii
• D) ii and iii
• E) i and iii

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Definitions:

Transfer Funds

The act of moving money from one account to another, either within the same financial institution or across different ones.

Right To Remain Silent

A legal principle that allows individuals to not answer questions or provide information that might incriminate themselves during legal proceedings.

Trial By Jury

A legal proceeding in which a group of citizens (the jury) is selected to hear the facts of a case and make a decision based on those facts, under the guidance of a judge.

Question Witnesses

The process of asking witnesses questions in a legal setting, either in court or during depositions, to elicit information or evidence.