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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.
State the rule for optimum input allocation to produce a given level of output at the lowest possible cost -when two inputs are variable and the prices of the inputs are given- and explain why it makes sense.
q. new manufacturing technologies are often viewed as labor saving in nature. using a production possibilities frontier
Explain how would you show this with a simple supply and demand diagram. If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits.
Assume the demand for plastic surgery is price inelastic. When the price of plastic surgery increases, the number of operations decreases. The percentage change in the price of plastic surgery is less than the percentage change in quantity demanded. ..
If this industry acts like a monopolist in the determination of price and output, compute the profit-maximizing level of price and output
We say that the consumption bundles that Mei can afford but that do not use up her entire income lie:
As your client is intent on investing aggressively, you will want to include the "beta" associated with each instrument relative to the S&P 500 Index.
Given this structure, why is it that there is little price competition between carriers on the same route Why is there not more price competition If they do not choose to compete on price in most cases, how do they compete with one another What..
The U.S. has historically low interest rates at present. How would you predict these would impact the value of the dollar on foreign exchange markets? How, in turn, would these low interest rates impact our balance of trade?
Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How?
analyze the sexual harassment issues presented in scenario.
If income elasticity of demand is 2.12, it means that quantity demanded will __________ by 2.12 percent for every __________ percent __________ in income.
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