If income decreases, there will be a parallel inward shift of the budget line

According to the Bureau of Labor Statistics, a person who does not have a job and has not been actively looking for a job in the past four weeks is considered

A) unemployed. B) employed. C) not in the labor force. D) underemployed.

If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will fall mainly on consumers

a. True b. False Indicate whether the statement is true or false