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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
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