Civics Test 3 on Standards 7, 8, & 9

Environmental and safety _ may improve public health but raise expenses for some industries and costs for consumers.

• preferences

• regulations

• suggestions

• notions

"_" means that we will always want more than we have. _ is always a part of human existence.

• Abundance

• Shortage

• Scarcity

• Extravagance

A "_" is a temporary lack of some resource. In January 2008 Shreveport experienced a _ of clean drinking water when a problem occurred at the city's water plant. Most grocery stores quickly sold out of bottled water

• scarcity

• shortage

• overload

• abundance

We must choose how to use our limited resources to achieve the _ that are most important.

• goals

• scarcities

• shortages

• economics

Economics is called "The _ Science" because it examines the impact of scarcity on our lives.

• Happy

• Dismal

• Sciencey

• Scarce

"_" is the study of how to make the best choices in the use of our limited resources given the permanent problem of scarcity.

• Economics

• Biology

• Chemistry

• Thanatology

_ forces us to make decisions on how best to use our limited resources.

• Shortage

• Scarcity

• Astronomy

• Eschatology

We attempt to maximize our _ using our resources.

• misery

• happiness

• rationality

• Stoicism

While economics is known as the "_ Science," it is actually the study of happiness.

• Joyful

• Dismal

• Stoic

• Money

Economists use "_" as the measure of happiness.

• shortage

• scarcity

• utility

• hedonic calculus