---------- Forwarded message ----------
From: mc080407301 Syed Azeem Akbar <mc080407301@vu.edu.pk>
Date: Sat, Jan 29, 2011 at 5:10 PM
Subject: [vumasters.com] ECO401 GDB !DEA SOLUT!ON
To: "weblyceum@googlegroups.com" <attock-vu-group@googlegroups.com>, vumasters <vumasters@googlegroups.com>
QUESTION:
Unemployment is an economic problem as well as a social issue. It
affects the living of all the people in a society whether they are
young or old, educated or uneducated, skilled or unskilled. The job of
"network administrator" at Virtual University of Pakistan requires
special computer skills and applications are invited to fill this
position. But a lot of unemployed persons who are looking for work
these days don't have these particular skills.
With reference to the above scenario, which type of unemployment these
unemployed persons are facing?
ANSWER:
The un-employed persons mentioned in the scenario are facing
'Structural Unemployment' because there clearly seems a mismatch
between skill level of these persons with the skill level required by
Virtual University for the post of Network Administrator. The reason
of this mismatch is inability of these unemployed persons to change
their skill level.
Reference: ECO401 Handouts Page 143 as follows:
Structural unemployment:
Structural unemployment is caused by a mismatch between the location
of jobs and the location of job-seekers. "Location" may be
geographical, or in terms of skills. The mismatch comes because
unemployed are unwilling or unable to change geography or skills.
P.S. Its better for everyone to make some changes in the above GDB to
avoid the influence of most powerful digit 'zero' :)
--
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Just Tune:
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From: mc080407301 Syed Azeem Akbar <mc080407301@vu.edu.pk>
Date: Sat, Jan 29, 2011 at 5:10 PM
Subject: [vumasters.com] ECO401 GDB !DEA SOLUT!ON
To: "weblyceum@googlegroups.com" <attock-vu-group@googlegroups.com>, vumasters <vumasters@googlegroups.com>
QUESTION:
Unemployment is an economic problem as well as a social issue. It
affects the living of all the people in a society whether they are
young or old, educated or uneducated, skilled or unskilled. The job of
"network administrator" at Virtual University of Pakistan requires
special computer skills and applications are invited to fill this
position. But a lot of unemployed persons who are looking for work
these days don't have these particular skills.
With reference to the above scenario, which type of unemployment these
unemployed persons are facing?
ANSWER:
The un-employed persons mentioned in the scenario are facing
'Structural Unemployment' because there clearly seems a mismatch
between skill level of these persons with the skill level required by
Virtual University for the post of Network Administrator. The reason
of this mismatch is inability of these unemployed persons to change
their skill level.
Reference: ECO401 Handouts Page 143 as follows:
Structural unemployment:
Structural unemployment is caused by a mismatch between the location
of jobs and the location of job-seekers. "Location" may be
geographical, or in terms of skills. The mismatch comes because
unemployed are unwilling or unable to change geography or skills.
P.S. Its better for everyone to make some changes in the above GDB to
avoid the influence of most powerful digit 'zero' :)
--
For Download all kind of Past Solved Papers Just visit:
http://vumasters.com/Papers%20Library/index.php
For discussion your problems just join our forum:
www.forums.vumasters.com
For Chatting with VU students just join:
www.chat.vumasters.com
For all kind of material that helps vu students
in improving their studies like ebooks, lectures, software etc
Just Tune:
www.vumasters.com
We hope that you will find us helpful
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