THE VIRGINIA DYNASTY 1801 1825
EMBARGO OF 1807
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following were effects on America shipping and markets EXCEPT:
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Agricultural prices fell
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unemployment decreased
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Imports and exports declined
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Smuggling increased
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Explanation:
Detailed explanation-1: -Following are the impacts of unemployment: Wastage of manpower resources. Increase in economic overload. Hampering the overall growth of an economy.
Detailed explanation-2: -Low unemployment often results in lost productivity The output gap rises and falls alongside the economy. In simple terms, a negative output gap means the economy’s resources are being underutilized.
Detailed explanation-3: -What Are the Main Causes of Unemployment? There are a number of reasons for unemployment. These include recessions, depressions, technological improvements, job outsourcing, and voluntarily leaving one job to find another.
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