Worksheetsmarket economy
Total questions: 15
Worksheet time: 8mins
Producers battling over who can make the most profit
Market
Competition
Consumer
Opportunity Cost
The limited amount of resources available
Resource
Competition
Scarcity
Cost
The number of consumers who want something.
Supply
Opportunity
Resources
Demand
The entire activity of buying and selling that takes place out in the world.
External benefit
Market
Supply
Competition
The benefit you give up by choosing to do one thing instead of another.
Scarcity
Consumer
Market
Opportunity Cost
The process of goods and services being produced and consumed is called
Inflation
Economy
Consumer
Opportunity
The amount of something that is available.
Supply
Producer
Competition
External Cost
A person or company who makes a good or a
service to sell to others
producer
advertising
profit
division of labor
Check all the positive incentives you see.
If you buy one sandwich you get one free.
Speeding ticket/fine
Buy an ice cream cone and get your sprinkles for free!
All children eat for free on Tuesday nights.
What kind of incentive would get you to eat brussel sprouts?
Is this a positive or negative incentive?
Positive
Negative
