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February 5, 2013

Saving Song

|1. |Assume the minimum that Matt would be willing to get to drive to the university campus is equal to the amount he saved on the|
| |concert ticket. What would be the amount of his economical surplus if he bought his textbooks at the university bookstore rather |
| |than via the Internet? |
|A) |$5 |
|B) |$1 |
|C) |$50 |
|D) |$20 |
|E) |There would be no economic surplus from purchasing the books at the university bookstore. |



|2. |Which of the following questions would not be part of macroeconomics?

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|A) |What caused the great depression? |
|B) |At what enumerate does the US economy typically grow? |
|C) |Did the sharp increase in gasoline prices alter SUV sales? |
|D) |How does government spending come across the economy? |
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