Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 2: Problem 19

Miranda Bowman, a Harvard MBA, is almost definitely if she is working as a secretary. (LO5) a) unemployed b) underemployed c) both unemployed and underemployed d) neither unemployed nor underemployed

Short Answer

Expert verified
The correct answer is (b) underemployed, as Miranda Bowman's current position as a secretary is below her qualifications with a Harvard MBA.

Step by step solution

01

Understand the concept of unemployment

Unemployment refers to the situation in which a person who is able and willing to work actively seeks employment but is unable to find a job.
02

Understand the concept of underemployment

Underemployment refers to the situation where a person is employed in a job that is below their qualifications, skills, or educational attainment. This can include settling for part-time work when full-time work is desired or working in a field unrelated to one's qualifications.
03

Analyze the given information

According to the question, Miranda Bowman has a Harvard MBA, which is a high level of education. She is working as a secretary, which is a position that typically does not require such high qualifications. No information is given about her being unable to find a job, as she is already working.
04

Determine the correct option

As Miranda Bowman is employed, she is not considered unemployed. However, her current position as a secretary is below her qualifications, so she is considered underemployed. Therefore, Miranda Bowman is: a) unemployed - No, since she has a job. b) underemployed - Yes, her current job is below her qualifications. c) both unemployed and underemployed - No, she is not unemployed. d) neither unemployed nor underemployed - No, since she is underemployed. Based on the analysis above, the correct answer is (b) underemployed.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Which is the most accurate statement? \(\left(\mathrm{IOO}_{3}\right)\) a) Nearly every major economic innovation originated abroad and was then applied in the United States. b) The United States provides a poor environment for innovation. c) Freedom of thought, a risk-taking culture, and a noncorrupt bureaucracy have made the United States very hospitable to innovation. d) Although the United States was once the world's leading innovator, since we lost most of our manufacturing base, we are no longer a major innovator.

Which statement is truc? \((1 . \mathrm{O} 2,3)\) a) America has always had a shortage of entrepreneurs. b) Our cconomic problem is that we have limited resources available to satisfy relatively unlimited wants. c) America has less coonomic resources today than we had 40 years ago. d) Aside from a few million poor people, we have very little scarcity in the United States.

Employment discrimination is most closely related to (LOS) a) specialization c) unemployment b) technology d) underemployment

Which of the following is an cconomic resource? \((\mathrm{L} . \mathrm{O3})\) a) gold c) labor b) scarcity d) rent

Underemployment means (LO5) a) the same thing as uncmployment b) underutilization of resources c) a recession d) slow cconomic growth
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free