
Scarcity and Opportunity Cost
Authored by Laura Metzler
Social Studies
12th Grade
Used 5+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
5 questions
Show all answers
1.
DROPDOWN QUESTION
1 min • 2 pts
Economics is the study of (a) . (b) is the fundamental economic problem.
2.
LABELLING QUESTION
1 min • 4 pts
Match the Factor of Production
Capital
Land
Labor
Entreprenuership
3.
MATCH QUESTION
1 min • 5 pts
Match the correct word with each statement.
human capital
the skills and knowledge gained by a worker through education and experience
goods
When we create or buy physical capital to accomplish a job , we usually become more
physical capital
all human made goods that are used to produce other goods
productive
physical objects such as shoes
services
actions or activities that one person performs for another
4.
MATCH QUESTION
1 min • 3 pts
Match the following
opportunity cost
an alternative that we sacrifice when we make a decision
thinking on the margin
deciding whether to do or use one additional unit of some resource
trade offs
the most desirable alternative given UP as a result of a decision
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Karen gets up early and studies three hours for her test she is likely to get an A. If she sleeps in, she will probably get a C. What is the opportunity cost of sleeping in?
three additional hours of sleep
three additional hours of study
a C
a A
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?