eco

Economics

Unit 5 Portfolio Unemployment – What is the Connection?

Use information from Unit 5 resources (text, articles, graphs, and additional research based on the Prentice Hall Economics: Principles in Action Web site) to complete the following activities. Part 1: (Complete during Unit 5, lesson 4, submit via the Drop Box in Unit 5, Lesson 6) Based on the article “Rethinking Lays-offs,” why is it not always in the best interest of companies to cut jobs to save money? (2 points) Part 2: (Complete during Unit 5, Lesson 6, submit via the Drop Box on Unit 5, Lesson 6) Explain how unemployment impacts each of the following groups:

• laborers • businesses • government

Give at least three examples for each group. Answers may be completed in chart form (you will still be required to use complete sentences) or in paragraph form. (9 points per group; 27 points total)

Part 3: Explain how the three groups are connected in regard to unemployment. How does a change in one group affect the other two? For example, if a business lays off thousands of employees, what impacts (social, political, or economic) might the lay-offs have on government and laborers?

Your answer should be written in paragraph form. A well-written response will include at least three examples to support your answer. Each example should be thoroughly explained and supported by text, graphs, or articles. If you are citing information from the textbook, a Web site, or an article, create a proper MLA citation for the resource. (6 points)