Analyze the reasons why Native Americans might be
offended by the term New World. What does the use of the term suggest about European attitudes toward the rest of
the world?

The reason why Native Americans might be offended by the term New World is because they were living here for centuries before the Europeans came and colonized "New World." It wasn't new and so for the Europeans to call it the "New World" implied that the Native Americans are worthless and their existence doesn't count. The term "New World" suggests that the Europeans just take whatever they find and claim it as their own, completly disregarding the native peoples who were there before them.

disequilibrium means that either supply is greater than the demand for an available good, or that the demand for a product outstrips the available supply. it implies that the price for a is either too low creating large demand, or too high creating a large surplus of supply.