ResourceA ____ issomething usedto produce agood or servicePowerThis isconsidered aNon-MonetaryIncentiveIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityServicean activityperformed by aperson to satisfya consumer’sdemandincentiveMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Goodsa physicalitem thatsatisfies aconsumer’sdemandLiteracyThe abilityto readand writeEconomicsThe name ofthis courseis called______TimeThis is alimitedresourceSalesCommissionThis isconsidereda MonetaryIncentiveScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Waterin desertregions,____ is ascarceresource.MarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.OpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.RaiseThis isconsidereda MonetaryIncentiveEmployeeof theMonthThis isconsidered aNon-MonetaryIncentive24There are_____Hours in adayNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. MonetaryIncentivemoney givento a personto increaseeffort ormotivation.Money_____ isconsideredscarce indifferent partsof the worldPaycheckJordan has a400$______this object isconsideredscarce.ResourceA ____ issomething usedto produce agood or servicePowerThis isconsidered aNon-MonetaryIncentiveIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityServicean activityperformed by aperson to satisfya consumer’sdemandincentiveMarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Goodsa physicalitem thatsatisfies aconsumer’sdemandLiteracyThe abilityto readand writeEconomicsThe name ofthis courseis called______TimeThis is alimitedresourceSalesCommissionThis isconsidereda MonetaryIncentiveScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Waterin desertregions,____ is ascarceresource.MarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.OpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.RaiseThis isconsidereda MonetaryIncentiveEmployeeof theMonthThis isconsidered aNon-MonetaryIncentive24There are_____Hours in adayNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. MonetaryIncentivemoney givento a personto increaseeffort ormotivation.Money_____ isconsideredscarce indifferent partsof the worldPaycheckJordan has a400$______this object isconsideredscarce.

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