Final answer:
The correct option that doesn't describe an economic conflict is D. state vs. national government. Economic conflicts are disputes within the economy, like sector disagreements or trade policy debates, not generally issues of governance. A price ceiling affects the supply side of the market, while mercantilism is characterized by more government regulation compared to capitalism. The correct option is A. manufacturing vs. agriculture.
Step-by-step explanation:
The option that does NOT describe an economic conflict is D. state vs. national government. Economic conflict typically involves conflicting interests within the economic system such as disputes between different sectors like manufacturing and agriculture (A), disagreements over trade policies like free trade vs. trade barriers (B), or market dynamics like supply vs. quantity demanded (C). The conflict between state and national governments generally relates to political authority and governance rather than directly to economic interests or economic systems.
Regarding economic concepts, a price ceiling is set to limit how high a price for a good or service can go. This intervention primarily affects the supply since suppliers might find it unprofitable to offer goods or services at a lower price, leading to a potential decrease in supply. Hence, the correct answer to the reference question is b. supply.
When considering mercantilism and capitalism, it's important to note that mercantilism typically supports greater governmental regulation compared to capitalism. Therefore, the correct answer to the difference between mercantilism and capitalism is. Mercantilism typically supports greater governmental regulation than capitalism.