Business
Business, 11.02.2020 22:07, jayjayw64

Mexico can produce vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations, the United States lifted quotas limiting the import of tomatoes from Mexico. Some firms in Florida, in the face of this new competition, had to close their farms and their workers lost their jobs. Many of the workers could not find new jobs right away. What type of unemployment describes the workers' situation?

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Mexico can produce vine-ripened tomatoes at a lower opportunity cost than firms in the United States...

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