Scarcity and opportunity cost
Authored by Stephanie Zajac
Social Studies
11th - 12th Grade
CCSS covered
Used 18+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these is NOT an example of a need?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a want?
Tags
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.9-10.2
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The definition of Scarcity is...
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
your choice
the second best option; the next best thing that you give up when you make a choice
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A popular bakery has only a few ingredients left to make their products. They could bake muffins or cookies, but they can’t make both. The bakers decide to make cookies for their customers. What is the opportunity cost of their decision?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Welch family has saved some money. They can spend it on a vacation to the Grand Canyon or build a swimming pool in their back yard. They decide to spend the money on a swimming pool. What is the opportunity cost of their decision?
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