Incentives
Definitions
Week One
Week Two
Unit One
100
Coach Pipes explained to the class that if they did their work, they would get a hundred
What is Positive Incentive
100
Goods and services that one desires, or simply would have if he/she could.
What is a Want
100
Which of the four factors of production is an example of stocks?
What is Capital
100
No results wasted
What is Full Production
100
C.E.L.L
What is Productive Resources
200
Jimmy's mother told him that if he took the trash out, he would get $5.
What is Positive Incentive
200
Last Factor of Production
What is Entrepreneurship
200
What is minimum wage
What is $7.25
200
Making more than resources needed
What is Over Production
200
Act of splitting up work into smaller and more specialized tasks
What is Division of Labor
300
John was caught speeding, he was received a ticket.
What is Negative Incentive
300
Act of giving up one thing of value
What is Trade-Off
300
What is gas and oil an example of
What is Government Regulations
300
Not making enough resources
What is Under Production
300
Devotion of resources to a specific task
What is Specialization
400
Axe Body Spray commercials explain if you wear their spray, women will flock you.
What is Positive Incentive
400
Value of the alternative option
What is Opportunity Cost
400
What is it called when you lose resources
What is Economic Decay
400
Value of the alternative option that is lost
What is Opportunity Cost
500
"Click it or Ticket" is an example of what...
What is Negative Incentive
500
Land, Labor, Capital, and Entrepreneurship
What is Productive Resources
500
What involves giving up one option for another
What is Trade-Off
500
Aquiring more resources
What is Economic Growth
500
The more money you make, the higher your .......
What is Standard of Living
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