Assignment:
Instructions
Use the textbook or any other source to answer the following questions:
- What are incentives?
- Why do so many people all around the world work to get you a safe food?
- What is a trade-off?
- What is opportunity cost?
- What is scarcity?
- What is thinking at the margin?
- What are benefits to trading with other humans?
- What are property rights?
- What is inflation?
Your answers can be a single sentence and no sources need to be cited.