Ten Principles of Economics 1. What items would you include to figure out the opportunity cost of a vacation to Disneyworld? 2. Water is necessary for life. Is the marginal benefit of a glass of water larger or small? 3. Why should policymakers think about incentives? 4. Why isn't trade among counties like a game with some winners and some losers? 5. What does the "invisible hand" of the marketplace do? 6. Explain the two main causes of market failure and give an example of each. 7. Why is productivity important? 8. What is inflation and what causes it? 9. How are inflation and unemployment related in the short run

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1 Opportunity Cost of a Vacation to Disneyworld To figure out the opportunity cost of a vacation to Disneyworld you would consider the value of the ne... View the full answer