1. In the Unit 1 video lecture I talked about Opportunity Costs, particularly with the Guns and Roses Production Possibilities Curve. And in the video, they mention this as well. What is another example in today’s economy that is a clear example of an opp

Help me study for my Economics class. I’m stuck and don’t understand.

DB #2…Intro to Econ Video

Watch the following video, then answer the questions below in your DB#2 post.

Intro to Economics: Crash Course Econ #1 (Links to an external site.)Intro to Economics: Crash Course Econ #1

1. In the Unit 1 video lecture I talked about Opportunity Costs, particularly with the Guns and Roses Production Possibilities Curve. And in the video, they mention this as well. What is another example in today’s economy that is a clear example of an opportunity cost?

2. In the video, they do a great job of explaining incentives…and how they sometimes backfire, bringing about unintended consequences. Give an example of a gov’t incentive that has not worked out.