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

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