Risks & Incentives

Which of the following is a good?

• cutting grass
• car wash
• food
• restaurant

Which of the following is a service?

• car
• shoes
• teacher
• computer

A buy one get one free sale at a shoe store is an example of what economic concept?

• incentive
• profit
• choice
• opportunity cost

The amount of a good or service producers are willing and able to sell at a certain price is called -

• scarcity
• supply
• demand
• price

The amount of a good or service that consumers are willing and able to buy at a certain price.

• supply
• demand
• resources
• consumption

Any reward or benefit that motivates people to do something.

• incentive
• money
• bonus
• financial gain

Producers are

• People that make products/services
• Entrepreneuers
• Consumers 
• Tired people 

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