The advent of DVDs has virtually demolished the market for videocassettes. This is an example of:
A. creative destruction.
B. derived demand.
C. capital accumulation.
D. the difference between normal and economic profits.
Answer: A
Economics
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Compared to whites, blacks had disproportionately high mortality rates in:
a. the far southern colonies. b. the Caribbean colonies. c. the northern mainland colonies. d. the mid-Atlantic colonies.
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Which of the following is NOT a government response to asymmetric information?
A) liability laws B) social regulation C) manufacturer's warranties D) government licensing
Economics