Sophia Is Tending to Her Home Garden While Awaiting Recall

question 98

Multiple Choice

Sophia is tending to her home garden while awaiting recall from her seasonal part-time job. The Bureau of Labor Statistics would classify Sophia as

• A) not in the labor force.
• B) employed.
• C) unemployed.
• D) employed as a household worker.

---

Definitions:

Insurance Premiums

The amount of money an individual or business must pay for an insurance policy, which serves as compensation for the insurer's coverage of potential financial losses or liabilities.

Asymmetric Information

A situation where one party in a transaction has more or superior information compared to another.

Online Auction Sites

are digital platforms where goods and services are sold through a bidding process, enabling buyers and sellers to transact from anywhere.

Auction Firm

A company that provides services for buying and selling products or services by offering them up for bid, taking bids, and then selling the item to the highest bidder.