An increase in the price of sodium carbonate, a chemical compound used in detergents, will:

a. increase the quantity of detergents demanded.
b. decrease the quantity of detergents demanded.
c. decrease the demand for detergents.
d. increase the demand for detergents.

B

Economics

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In a democratic society, the preferences of __________ will often dominate decisions made by direct majority voting

a. elected government representatives b. special interest groups c. rent seekers d. senior citizens e. the median voter

Economics

Zoey wants to have about $750,000 when she retires in 10 years. She has $300,000 to deposit now. At which of the following interest rates would Zoey's deposit come closest to $750,000 after 10 years?

a. 9.6 percent b. 9.9 percent c. 10.2 percent d. 10.5 percent

Economics