Incentives Matter!

Incentives Matter!

Assessment

Flashcard

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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12 questions

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1.

FLASHCARD QUESTION

Front

Something that motivates someone to do or not do something

Back

incentive

2.

FLASHCARD QUESTION

Front

What someone pays (money)

Back

cost

3.

FLASHCARD QUESTION

Front

The next best thing that a person gives up to do something else (the second choice)

Back

opportunity cost

4.

FLASHCARD QUESTION

Front

Something good that someone receives when they do something

Back

benefit

5.

FLASHCARD QUESTION

Front

When the price of something goes up, consumers will demand less of that thing

Back

Law of Demand

6.

FLASHCARD QUESTION

Front

When the price of something goes up, producers will supply more of that thing

Back

Law of Supply

7.

FLASHCARD QUESTION

Front

This means "additional"

Back

marginal

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