aWanda sold her mother’s dining set to Mattie for $250. Later, Mattie told LaWanda that she would have paid her $300. What is the term for the fifty-dollar difference between what Mattie paid and what she was willing to pay?

Refer to Figure 4-1. If the market price is $2.50, what is the consumer surplus on the third ice cream cone?

A) $0 B) $0.50 C) $1.50 D) $2.50

What is the difference between buying stocks and buying bonds?

A) The future growth of a stock is more uncertain than the payments of a bond. B) Differences of opinion about a stock's future may vary considerably but there is less difference about a bond's future. C) A stock can possibly pay dividends forever, but bonds have a fixed number of payments. D) All of these are differences between stocks and bonds.