Unit 1 Assignment

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Instructions

1. Create an MS Word Document titled ECO2023 Assignment 1

2. 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.

3. Upload the assignment to get full credit.

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