PaycheckJordan has a400$______this object isconsideredscarce.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.EconomicsThe name ofthis courseis called______RaiseThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Money_____ isconsideredscarce indifferent partsof the worldPowerThis isconsidered aNon-MonetaryIncentiveEmployeeof theMonthThis isconsidered aNon-MonetaryIncentiveGoodsa physicalitem thatsatisfies aconsumer’sdemandLiteracyThe abilityto readand writeServicean activityperformed by aperson to satisfya consumer’sdemandincentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.ResourceA ____ issomething usedto produce agood or serviceOpportunityCostis the value ofthe second-bestalternative that aperson gives upwhen making achoice.Margina unit increase inconsumption. Whenyou think at _____,you decide how touse that additionalunit of resource on aparticular want orneed.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.24There are_____Hours in adayIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. Waterin desertregions,____ is ascarceresource.SalesCommissionThis isconsidereda MonetaryIncentivePaycheckJordan has a400$______this object isconsideredscarce.Scarcitya shortage in thesupply of goodsand services thatlimits the ability tomeet desiredneeds and wants.EconomicsThe name ofthis courseis called______RaiseThis isconsidereda MonetaryIncentiveTimeThis is alimitedresourceScarceWhen theavailability of anobject is less thanthe need or wantfor it, we say thatthe object is _____Money_____ isconsideredscarce indifferent partsof the worldPowerThis isconsidered aNon-MonetaryIncentiveEmployeeof theMonthThis isconsidered aNon-MonetaryIncentiveGoodsa physicalitem thatsatisfies aconsumer’sdemandLiteracyThe abilityto readand writeServicean activityperformed by aperson to satisfya consumer’sdemandincentiveMarginalCostthe increase incost that comesfrom a unitincrease inconsumption ofgoods or services.Trade-offis the processof letting go ofall the otheralternatives toobtain anotheralternative.ResourceA ____ issomething usedto produce agood or serviceOpportunityCostis 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.MonetaryIncentivemoney givento a personto increaseeffort ormotivation.MarginalBenefitthe increase inbenefit that occurswhen a personconsumes onemore unit of agood or service.24There are_____Hours in adayIncentiveAn _______ issomething thatmotivatessomeone or thatdrives a person toincreaseproductivityNon-monetaryIncentivea means ofcompensation(payment) that doesnot involve givingmoney to a person toincrease productivityor motivation. Waterin desertregions,____ is ascarceresource.SalesCommissionThis isconsidereda MonetaryIncentive

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