Waterin desertregions,____ is ascarceresource.PowerThis isconsidered aNon-MonetaryIncentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.ResourceA ____ issomething usedto produce agood or service24There are_____Hours in adayRaiseThis isconsidereda MonetaryIncentiveSalesCommissionThis isconsidereda MonetaryIncentiveLiteracyThe abilityto readand writeScarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Servicean activityperformed by aperson to satisfya consumer’sdemandincentiveTimeThis is alimitedresourceMonetaryIncentivemoney givento a personto increaseeffort ormotivation.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Goodsa physicalitem thatsatisfies aconsumer’sdemandPaycheckJordan has a400$______this object isconsideredscarce.Non-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____EconomicsThe name ofthis courseis called______Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Money_____ isconsideredscarce indifferent partsof the worldWaterin desertregions,____ is ascarceresource.PowerThis isconsidered aNon-MonetaryIncentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.ResourceA ____ issomething usedto produce agood or service24There are_____Hours in adayRaiseThis isconsidereda MonetaryIncentiveSalesCommissionThis isconsidereda MonetaryIncentiveLiteracyThe abilityto readand writeScarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Servicean activityperformed by aperson to satisfya consumer’sdemandincentiveTimeThis is alimitedresourceMonetaryIncentivemoney givento a personto increaseeffort ormotivation.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Goodsa physicalitem thatsatisfies aconsumer’sdemandPaycheckJordan has a400$______this object isconsideredscarce.Non-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____EconomicsThe name ofthis courseis called______Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Money_____ isconsideredscarce indifferent partsof the world

Scarcity & Opportunity Cost Review - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. in desert regions, ____ is a scarce resource.
    Water
  2. This is considered a Non-Monetary Incentive
    Power
  3. the increase in cost that comes from a unit increase in consumption of goods or services.
    Marginal Cost
  4. A ____ is something used to produce a good or service
    Resource
  5. There are _____ Hours in a day
    24
  6. This is considered a Monetary Incentive
    Raise
  7. This is considered a Monetary Incentive
    Sales Commission
  8. The ability to read and write
    Literacy
  9. a shortage in the supply of goods and services that limits the ability to meet desired needs and wants.
    Scarcity
  10. This is considered a Non-Monetary Incentive
    Employee of the Month
  11. is the value of the second-best alternative that a person gives up when making a choice.
    Opportunity Cost
  12. An _______ is something that motivates someone or that drives a person to increase productivity
    Incentive
  13. the increase in benefit that occurs when a person consumes one more unit of a good or service.
    Marginal Benefit
  14. an activity performed by a person to satisfy a consumer’s demand incentive
    Service
  15. This is a limited resource
    Time
  16. money given to a person to increase effort or motivation.
    Monetary Incentive
  17. is the process of letting go of all the other alternatives to obtain another alternative.
    Trade-off
  18. a physical item that satisfies a consumer’s demand
    Goods
  19. Jordan has a 400$______ this object is considered scarce.
    Paycheck
  20. a means of compensation (payment) that does not involve giving money to a person to increase productivity or motivation.
    Non-monetary Incentive
  21. When the availability of an object is less than the need or want for it, we say that the object is _____
    Scarce
  22. The name of this course is called ______
    Economics
  23. a unit increase in consumption. When you think at _____, you decide how to use that additional unit of resource on a particular want or need.
    Margin
  24. _____ is considered scarce in different parts of the world
    Money