Georgia Studies Week 17

_______ is not having enough of something.

Most families have enough money to buy everything they want.

• True

• False

What does the price of items depend on?

• How much of it there is-supply

• opportunity cost

• How many people need it-demand

• the store owner

When there is plenty of something, the supply is _______.

When something is scarce, the supply is ___.

Every choice you make has a benefit.

• true

• false

What is an opportunity cost?

• somethin you give up to get something else

• lunch choices

• the price of an object

Money can be scarce.

• false

• true