Goodsa physicalitem thatsatisfies aconsumer’sdemandTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.PowerThis isconsidered aNon-MonetaryIncentivePaycheckJordan has a400$______this object isconsideredscarce.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.EconomicsThe name ofthis courseis called______ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____24There are_____Hours in adayMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveMoney_____ isconsideredscarce indifferent partsof the worldWaterin desertregions,____ is ascarceresource.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.LiteracyThe abilityto readand writeSalesCommissionThis isconsidereda MonetaryIncentiveIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityServicean activityperformed by aperson to satisfya consumer’sdemandincentiveRaiseThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.ResourceA ____ issomething usedto produce agood or serviceNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Goodsa physicalitem thatsatisfies aconsumer’sdemandTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.PowerThis isconsidered aNon-MonetaryIncentivePaycheckJordan has a400$______this object isconsideredscarce.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.EconomicsThe name ofthis courseis called______ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____24There are_____Hours in adayMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveMoney_____ isconsideredscarce indifferent partsof the worldWaterin desertregions,____ is ascarceresource.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.LiteracyThe abilityto readand writeSalesCommissionThis isconsidereda MonetaryIncentiveIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityServicean activityperformed by aperson to satisfya consumer’sdemandincentiveRaiseThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.ResourceA ____ issomething usedto produce agood or serviceNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.

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