1- (Rational Self-Interest)
a. Whether to attend college full time or enter the workforce full time
When someone enters the workforce he gets financially independent (in some extent) and depending of the job he can start building a resume. On the other hand, going to college is expensive, might force someone to take on loans and additionally it's a 4 year process. It has been proven that most college graduates earn more money through their lives than non graduates. Going to college is all about later gratification.
b. Whether to buy a new textbook or a used one.
First of, it’s interesting to know the price difference between this two books. Although there is something very enjoyable about the smell of a new book, buying used books is always cheaper and in addition it’s eco friendly. The previous user of the book might have highlighted some pages or some pages might be missing and basically that's the only downside.

2- (Resources) To which category of resources does each of the following belong?
a. A taxicab- capital physical
b. Computer software- capital physical
c. One hour of legal counsel- capital human
d. A parking lot- capital 3- (Micro versus Macro) Determine whether each of the following is primarily a microeconomic or a macroeconomic issue:
a. What price to charge for an automobile- micro
b. Measuring the impact of tax policies on total consumer spending in the economy- macro
c. A household’s decisions about what to buy- micro
d. A worker’s decision regarding how much to work each week- micro

Chapter 2
4 (Opportunity Cost) By staying home from Spring Break and working you would have earned $400. However, expenses would’ve been $100 so your net income would have been (400-100)=$300. If you go to Florida, all of your costs add up to $700. This means that there is a $1000 difference to your finances between going to Florida and