Servicean activityperformed by aperson to satisfya consumer’sdemandincentiveSalesCommissionThis isconsidereda MonetaryIncentiveEmployeeof theMonthThis isconsidered aNon-MonetaryIncentiveTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Goodsa physicalitem thatsatisfies aconsumer’sdemandNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. OpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityWaterin desertregions,____ is ascarceresource.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.RaiseThis isconsidereda MonetaryIncentiveMonetaryIncentivemoney givento a personto increaseeffort ormotivation.Money_____ isconsideredscarce indifferent partsof the worldTimeThis is alimitedresourcePaycheckJordan has a400$______this object isconsideredscarce.ResourceA ____ issomething usedto produce agood or servicePowerThis isconsidered aNon-MonetaryIncentiveLiteracyThe abilityto readand writeScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____EconomicsThe name ofthis courseis called______Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.24There are_____Hours in adayMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.Servicean activityperformed by aperson to satisfya consumer’sdemandincentiveSalesCommissionThis isconsidereda MonetaryIncentiveEmployeeof theMonthThis isconsidered aNon-MonetaryIncentiveTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Goodsa physicalitem thatsatisfies aconsumer’sdemandNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. OpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityWaterin desertregions,____ is ascarceresource.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.RaiseThis isconsidereda MonetaryIncentiveMonetaryIncentivemoney givento a personto increaseeffort ormotivation.Money_____ isconsideredscarce indifferent partsof the worldTimeThis is alimitedresourcePaycheckJordan has a400$______this object isconsideredscarce.ResourceA ____ issomething usedto produce agood or servicePowerThis isconsidered aNon-MonetaryIncentiveLiteracyThe abilityto readand writeScarceWhen 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.24There are_____Hours in adayMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.

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