24There are_____Hours in adayTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.SalesCommissionThis isconsidereda MonetaryIncentiveResourceA ____ issomething usedto produce agood or serviceNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. PaycheckJordan has a400$______this object isconsideredscarce.Goodsa physicalitem thatsatisfies aconsumer’sdemandServicean activityperformed by aperson to satisfya consumer’sdemandincentiveEconomicsThe name ofthis courseis called______RaiseThis isconsidereda MonetaryIncentiveOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.PowerThis isconsidered aNon-MonetaryIncentiveMargina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Money_____ isconsideredscarce indifferent partsof the worldWaterin desertregions,____ is ascarceresource.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.TimeThis is alimitedresourceLiteracyThe abilityto readand writeScarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____MonetaryIncentivemoney givento a personto increaseeffort ormotivation.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivity24There are_____Hours in adayTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.SalesCommissionThis isconsidereda MonetaryIncentiveResourceA ____ issomething usedto produce agood or serviceNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. PaycheckJordan has a400$______this object isconsideredscarce.Goodsa physicalitem thatsatisfies aconsumer’sdemandServicean activityperformed by aperson to satisfya consumer’sdemandincentiveEconomicsThe name ofthis courseis called______RaiseThis isconsidereda MonetaryIncentiveOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.PowerThis isconsidered aNon-MonetaryIncentiveMargina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Money_____ isconsideredscarce indifferent partsof the worldWaterin desertregions,____ is ascarceresource.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.TimeThis is alimitedresourceLiteracyThe abilityto readand writeScarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____MonetaryIncentivemoney givento a personto increaseeffort ormotivation.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivity

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