In 2008, the government bought $2,883 billion worth of goods and services that were part of GDP, representing about _________ of the total

Suppose that Tracy and Pat start a business. Because of a series of bad decisions by Tracy, the company goes bankrupt, owing a total of $50,000. Tracy is penniless and Pat is a millionaire

If the company were organized as a partnership, Pat would be responsible for A) over $1 million of debt. B) $50,000 of debt. C) $25,000 of debt. D) $0 of debt.

If the government imposes a pollution tax on gasoline refineries: a. the supply of gasoline will shift to the right. b. the demand for gasoline will shift to the right. c. the supply of gasoline will shift to the left

d. the demand for gasoline will shift to the left.