Goodsa physicalitem thatsatisfies aconsumer’sdemandOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.RaiseThis isconsidereda MonetaryIncentivePaycheckJordan has a400$______this object isconsideredscarce.Servicean activityperformed by aperson to satisfya consumer’sdemandincentive24There are_____Hours in adayIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityLiteracyThe abilityto readand writeMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.SalesCommissionThis isconsidereda MonetaryIncentiveTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Waterin desertregions,____ is ascarceresource.EconomicsThe name ofthis courseis called______Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.ResourceA ____ issomething usedto produce agood or serviceScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. MonetaryIncentivemoney givento a personto increaseeffort ormotivation.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Money_____ isconsideredscarce indifferent partsof the worldPowerThis isconsidered aNon-MonetaryIncentiveTimeThis is alimitedresourceGoodsa physicalitem thatsatisfies aconsumer’sdemandOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.RaiseThis isconsidereda MonetaryIncentivePaycheckJordan has a400$______this object isconsideredscarce.Servicean activityperformed by aperson to satisfya consumer’sdemandincentive24There are_____Hours in adayIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityLiteracyThe abilityto readand writeMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.SalesCommissionThis isconsidereda MonetaryIncentiveTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Waterin desertregions,____ is ascarceresource.EconomicsThe name ofthis courseis called______Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.ResourceA ____ issomething usedto produce agood or serviceScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. MonetaryIncentivemoney givento a personto increaseeffort ormotivation.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Money_____ isconsideredscarce indifferent partsof the worldPowerThis isconsidered aNon-MonetaryIncentiveTimeThis is alimitedresource

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