IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivitySalesCommissionThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceServicean activityperformed by aperson to satisfya consumer’sdemandincentivePaycheckJordan has a400$______this object isconsideredscarce.LiteracyThe abilityto readand writeMargina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Non-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. ResourceA ____ issomething usedto produce agood or serviceScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.OpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Waterin desertregions,____ is ascarceresource.Money_____ isconsideredscarce indifferent partsof the world24There are_____Hours in adayGoodsa physicalitem thatsatisfies aconsumer’sdemandEconomicsThe name ofthis courseis called______PowerThis isconsidered aNon-MonetaryIncentiveMonetaryIncentivemoney givento a personto increaseeffort ormotivation.RaiseThis isconsidereda MonetaryIncentiveMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivitySalesCommissionThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceServicean activityperformed by aperson to satisfya consumer’sdemandincentivePaycheckJordan has a400$______this object isconsideredscarce.LiteracyThe abilityto readand writeMargina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Non-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. ResourceA ____ issomething usedto produce agood or serviceScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.OpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Waterin desertregions,____ is ascarceresource.Money_____ isconsideredscarce indifferent partsof the world24There are_____Hours in adayGoodsa physicalitem thatsatisfies aconsumer’sdemandEconomicsThe name ofthis courseis called______PowerThis isconsidered aNon-MonetaryIncentiveMonetaryIncentivemoney givento a personto increaseeffort ormotivation.RaiseThis isconsidereda MonetaryIncentiveMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.

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