The above table gives the demand and supply schedules for Blu-ray discs. If the price of a Blu-ray disc is $8, there is a ________ and the price of a compact disc will ________

A) shortage; rise
B) shortage; fall
C) surplus; rise
D) surplus; fall

A

Economics

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In the U.S., the employment ratio is highest among ________, and lowest among ________

A) women; both sexes combined B) men; college-educated workers C) women; men D) men; women

Economics

The classical economists attacked the mercantilist propositions that

a. state action was necessary to direct the capitalist system. b. money had no intrinsic value. c. output was completely supply-determined. d. the wealth of a nation was closely linked to the country's stock of precious metals. e. Both a and d

Economics