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Economics - Scarcity

Authored by Mirjana Baletic

Other

11th - 12th Grade

CCSS covered

Used 1K+ times

Economics - Scarcity
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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The definition of Scarcity is...

An unlimited amount of resources to meet limited wants and needs
A limited amount of resources to meet unlimited wants and needs.
When people use time and energy to create events
a city where individuals commit themselves to unlimited wants and needs

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these is NOT an example of a need?

Water
Food
watch
Shelter

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a need?

Nothing
Something you have to have to live
Something you would like to have
Ice cream

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how people seek to satisfy their needs and wants by making choices.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following in an example of LAND.

Coal
Office Building

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

House: Goods or Service?

Goods
Service

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

According to an economist, which of the following would be considered "scarce"? 

A teacher 
A worker at McDonalds 
An Astronaut 
A youth baseball coach 

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