Money_____ isconsideredscarce indifferent partsof the world24There are_____Hours in adayGoodsa physicalitem thatsatisfies aconsumer’sdemandResourceA ____ issomething usedto produce agood or servicePaycheckJordan has a400$______this object isconsideredscarce.Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.PowerThis isconsidered aNon-MonetaryIncentiveNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Servicean activityperformed by aperson to satisfya consumer’sdemandincentiveMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.MarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.LiteracyThe abilityto readand writeEmployeeof theMonthThis isconsidered aNon-MonetaryIncentiveEconomicsThe name ofthis courseis called______RaiseThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.Waterin desertregions,____ is ascarceresource.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.SalesCommissionThis isconsidereda MonetaryIncentiveIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.Money_____ isconsideredscarce indifferent partsof the world24There are_____Hours in adayGoodsa physicalitem thatsatisfies aconsumer’sdemandResourceA ____ issomething usedto produce agood or servicePaycheckJordan has a400$______this object isconsideredscarce.Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.PowerThis isconsidered aNon-MonetaryIncentiveNon-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 _____Servicean activityperformed by aperson to satisfya consumer’sdemandincentiveMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.MarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.LiteracyThe abilityto readand writeEmployeeof theMonthThis isconsidered aNon-MonetaryIncentiveEconomicsThe name ofthis courseis called______RaiseThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.Waterin desertregions,____ is ascarceresource.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.SalesCommissionThis isconsidereda MonetaryIncentiveIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.

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.


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