Sasha Has a Master's Degree in Writing, and Currently Works

question 70

Multiple Choice

Sasha has a master's degree in writing, and currently works full-time as a 2^nd grade classroom helper. She submits articles for the local paper on occasion, and gets paid only when the editor agrees to publish a submission. Sasha would love to be a full-time reporter. The best way to describe Sasha is to say she is ________________; the Bureau of Labor Statistics would count Sasha as ____________.

• A) underemployed; employed
• B) employed; employed
• C) discouraged; underemployed
• D) underemployed; underemployed

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Definitions:

Profits

The financial gains attained when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain them.

Lowering Price

The act of reducing the cost at which goods or services are sold, often to attract more customers or match competitors' offers.

Pure Monopolist

A single seller in a market with no close substitutes for the product, giving the seller complete control over price.

Maximize Profit

The process by which a company determines the optimal output and pricing to achieve the highest possible financial gain.