If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:

If the elasticity of supply is much greater than the elasticity of demand, an excise tax levied on the suppliers will

a. cause the suppliers to incur a greater burden of the tax than demanders b. cause the demanders to incur a greater burden of the tax than suppliers c. the burden of the tax will be shared equally between the suppliers and the demanders d. cause the entire burden of the tax to rest on the demanders e. Without more information as to the amount of the excise tax, who will incur a greater burden will be unclear

The ratio of debt to GDP is much higher in the United States than in most other industrialized nations

Indicate whether the statement is true or false