Incentives Matter!

Incentives Matter!

9th - 12th Grade

12 Qs

quiz-placeholder

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Incentives Matter!

Incentives Matter!

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

Created by

Christine Schermerhorn

Used 31+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Something that motivates someone to do or not do something

incentive

cost

opportunity cost

benefit

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What someone pays (money)

opportunity cost

marginal cost

capital

cost

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

cost

opportunity cost

marginal cost

benefit

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Something good that someone receives when they do something

opportunity cost

marginal benefit

benefit

negative incentive

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Law of Supply

Law of Demand

opportunity cost

rationing device

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Law of Supply

Law of Demand

capital

marginal benefit

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

This means "additional"

opportunity cost

marginal cost

marginal benefit

marginal

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