Assume that the price elasticity of demand for gasoline is -0.06. If the government tax causes the price of gasoline to increase by 50 percent, what will be the decrease in the quantity of gasoline demanded?

The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed

Explain how the unemployment rate and the labor force participation rate would change.

All eight countries known as the high-growth Asian economies are outwardly oriented for trade and investment, and all have experienced rapid growth by world standards

Indicate whether the statement is true or false