Goodsa physicalitem thatsatisfies aconsumer’sdemandRaiseThis isconsidereda MonetaryIncentiveOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivity24There are_____Hours in adayMargina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.LiteracyThe abilityto readand writeEconomicsThe name ofthis courseis called______Non-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveTimeThis is alimitedresourceMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Servicean activityperformed by aperson to satisfya consumer’sdemandincentivePowerThis isconsidered aNon-MonetaryIncentiveWaterin desertregions,____ is ascarceresource.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.Money_____ isconsideredscarce indifferent partsof the worldTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.PaycheckJordan has a400$______this object isconsideredscarce.ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____SalesCommissionThis isconsidereda MonetaryIncentiveResourceA ____ issomething usedto produce agood or serviceGoodsa physicalitem thatsatisfies aconsumer’sdemandRaiseThis isconsidereda MonetaryIncentiveOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.IncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivity24There are_____Hours in adayMargina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.LiteracyThe abilityto readand writeEconomicsThe name ofthis courseis called______Non-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. Employeeof theMonthThis isconsidered aNon-MonetaryIncentiveTimeThis is alimitedresourceMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.Servicean activityperformed by aperson to satisfya consumer’sdemandincentivePowerThis isconsidered aNon-MonetaryIncentiveWaterin desertregions,____ is ascarceresource.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.Money_____ isconsideredscarce indifferent partsof the worldTrade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.PaycheckJordan has a400$______this object isconsideredscarce.ScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____SalesCommissionThis isconsidereda MonetaryIncentiveResourceA ____ issomething usedto produce 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. a physical item that satisfies a consumer’s demand
    Goods
  2. This is considered a Monetary Incentive
    Raise
  3. is the value of the second-best alternative that a person gives up when making a choice.
    Opportunity Cost
  4. An _______ is something that motivates someone or that drives a person to increase productivity
    Incentive
  5. There are _____ Hours in a day
    24
  6. 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
  7. a shortage in the supply of goods and services that limits the ability to meet desired needs and wants.
    Scarcity
  8. The ability to read and write
    Literacy
  9. The name of this course is called ______
    Economics
  10. a means of compensation (payment) that does not involve giving money to a person to increase productivity or motivation.
    Non-monetary Incentive
  11. This is considered a Non-Monetary Incentive
    Employee of the Month
  12. This is a limited resource
    Time
  13. the increase in cost that comes from a unit increase in consumption of goods or services.
    Marginal Cost
  14. the increase in benefit that occurs when a person consumes one more unit of a good or service.
    Marginal Benefit
  15. an activity performed by a person to satisfy a consumer’s demand incentive
    Service
  16. This is considered a Non-Monetary Incentive
    Power
  17. in desert regions, ____ is a scarce resource.
    Water
  18. money given to a person to increase effort or motivation.
    Monetary Incentive
  19. _____ is considered scarce in different parts of the world
    Money
  20. is the process of letting go of all the other alternatives to obtain another alternative.
    Trade-off
  21. Jordan has a 400$______ this object is considered scarce.
    Paycheck
  22. When the availability of an object is less than the need or want for it, we say that the object is _____
    Scarce
  23. This is considered a Monetary Incentive
    Sales Commission
  24. A ____ is something used to produce a good or service
    Resource