CE.11A Economic Concepts pt 1

Front

All of the 8th grade teachers want a donut that Ms. O brought, but Mrs. Griffin won't get one. What concept best supports this statement?

Back

Scarcity

Front

What concept best describes the scenario where Ms. O selected M&Ms from the options of M&Ms, Skittles, or Laffy Taffy?

Back

Choice

Front

The item shown is what type of resource? Options: Human, Natural, Entrepreneurship, Capital

Back

Capital

Front

What is Curtis' opportunity cost?

Back

Monster Energy Drink

Front

What is the incentive for buying Cracker Jacks?

Back

Prize inside

Front

What definition best describes consumption?

Back

The using of goods and services

Front

Things that motivate someone that could change their behavior- Scarcity, Opportunity Cost, Incentive, Choice

Back

Incentive

Front

The amount of money exchanged for a good or service-

Back

Price

Front

Which statement best describes opportunity cost?

Back

What is given up when a choice is made

Front

In the picture, Ronald is the-

Back

Human resource