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

question 46

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

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Definitions:

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