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The purpose of this assessment is to review a few scenarios and identify the type of unemployment applicable in each scenario. Discuss what type of unemployment qualifies each scenario. Based on your responses, discuss why the other types of unemployment do not qualify for these scenarios. Support your responses with appropriate rationale. ? Scenario 1: John is an IT graduate and has a rich experience in Windows XP application development. Due to Microsoft’s decision to discontinue Windows XP, John is out of his job and is unemployed. ? Scenario 2: Christina works as a nurse with a well - known hospital in Carmel. She is getting married next month, March. After marriage, Christina has to move to Florida. Christina, to ensure that she has a job when she moves to Florida, approaches a hospital in Florida to seek employment. Christina is selected for the job; however, she can join in the first week of April as per the appointment letter. Christina gets married in the first week of March and stays unemployed until the first week of April. ? Scenario 3: In the middle of Easter holidays, Venice gets flooded with tourists. The number of gondoliers and the drivers of gondola increase during this period. For rest of the year, they stay unemployed or search for another temporary job. ? Scenario 4: The number of IT projects the U.S. organizations outsourced to Indian IT organizations reduced during 2008 – 2010. Majority of the Indian IT companies laid of f their employees due to the declining revenue.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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