Statement: Nearly 26% of all engineering graduates remain unemployed due to a severe worldwide recession.\nCourses of Action:\nI. Advise all unemployed students to take jobs in foreign countries.\nII. Advise unemployed students to take jobs only after the recession is over.

Introduction / Context:
Advisory courses of action must be feasible and in the best interests of job seekers. Here, both suggested actions are blanket prescriptions that ignore individual constraints and labour-market realities.

Given Data / Assumptions:

• Recession is global; foreign markets may also be weak or closed (visa, localisation).
• Waiting idly reduces employability; skills decay without practice.
• Alternative pathways (internships, upskilling, related roles) exist.

Concept / Approach:
Sound guidance is diversified and adaptive: pursue internships, apprenticeships, contract roles, graduate programs, upskilling (cloud, data, DevOps), and entrepreneurship while the market recovers. Blanket emigration advice (I) is impractical; blanket waiting (II) is harmful.

Step-by-Step Solution:
1) Map transferable skills to counter-cyclical sectors (essential services, gov-tech, support).2) Encourage certifications and projects to signal capability.3) Use alumni networks and remote/freelance gigs to bridge gaps.

Verification / Alternative check:
Placement outcomes improve with active pursuit; “wait-only” strategies underperform; relocation depends on visas and funds.

Why Other Options Are Wrong:
Only I/Only II/Either/Both: each is indiscriminate and unrealistic. The correct stance is targeted, flexible action.

Common Pitfalls:
Chasing expensive foreign options without ROI; long gaps without learning.

Final Answer:
Neither I nor II follows.