Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question: In an economy that heavily relies on tourism, a global pandemic significantly reduces international travel. In response, the government launches a program to subsidize

Question: In an economy that heavily relies on tourism, a global pandemic significantly reduces international travel. In response, the government launches a program to subsidize the conversion of tourism-based businesses to e-commerce platforms. What is the most likely short-term impact of this subsidy program on the local unemployment rate and the structure of the economy? A) A significant reduction in the unemployment rate and a swift transformation of the economy towards e-commerce. B) A temporary increase in the unemployment rate as tourism-based jobs decline before e-commerce opportunities fully materialize. C) Little to no change in the unemployment rate, as the shift to e-commerce requires skills that the current workforce does not possess. D) A stabilization of the unemployment rate, but with a slow shift in the economic structure due to the gradual adoption of e-commerce. Don't use chatgpt please provide valuable answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Ethics for Scientists and Engineers

Authors: Edmund G. Seebauer, Robert L. Barry

1st Edition

9780195698480, 195134885, 195698487, 978-0195134889

More Books

Students also viewed these Mechanical Engineering questions

Question

Which of the following molecules belong to a low symmetry group

Answered: 1 week ago

Question

Which state takes the most time to ship to in February 2020?

Answered: 1 week ago

Question

Which year had the best March sales?

Answered: 1 week ago