Scarcity is

Opportunity cost is

Incentives are ______________

What are the four types of resources? Choose all that apply?

Oil, water, and wood are examples of ______________ resources.

Oprah Winfrey, Guy Fieri, and Steve Jobs are examples of ______________ resources.

Hammers, pencils, and computers are examples of ______________ .

Teachers, construction workers, and mechanics are examples of ______________ .

Our resources are finite and our wants are infinite is _______________________.

When we make a choice the option we give up is the ______________________________.

True or false: Scarcity and opportunity cost can be found in every economic example

________________________ are a set of external motivators that help people make choices.

True or False: Whenever we are REWARDED something in order to change our economic choices are negative incentives.

True or False: Whenever we are PUNISHED in order to change our economic choices are Negative Incentives

Is the following a positive or negative incentive? Brandon got a 50% on his history exam. His mom grounded him for the weekend so he would work on improving his grade.

Is the following a positive or negative incentive? Ms. Matthews class brought in the most pop-tabs for charity. She rewarded his class with a pizza party in May.

About 30,000 people die a year from car accidents. A solution could be to destroy all cars. We don't do that because of ________________ and _________________.

Gold is considered two types of resources. What TWO types of resources is Gold considered?

A factory Owner is considered two types of resources. What TWO types of resources is a factory owner considered?