Scarcity is not having enough of something.
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Scarcity
Quiz
•
Life Skills
•
9th Grade
•
Hard
Cheryl Bailey
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A benefit is something good or helpful.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is NEVER a big problem.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will probably happen if something people want to buy is scarce?
The price will go up.
The price will go down.
You will be able to get it for free.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Not having enough of something is called _________.
choices
benefit
opportunity cost
scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every time we go shopping we make _______.
choices
money
products
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every choice has a ________.
benefit
opportunity cost
both
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