Scarcity Quiz

What does scarcity mean?

• Having too much of something.

• Not having enough of something.

• Buying a lot of something.

• Flying a plane.

Can you think of an item that is scarce?

_________ is how much there is for people to buy of something.

• Demand

• Tissue

• Opportunity Cost

• Supply

Price depends on these two things:

• Cheese and Crackers

• Opportunity Cost and Demand

• Supply and Demand

• Diamonds and Gold

When something is scarce, the __________ is low.

Check all of the items that could become scarce?

• Food

• Water

• Diamonds

• Cookies

How do you feel about today's lesson on scarcity?

• I need more practice.

• I need a little bit more practice.

• I almost got it.

• I mastered it.