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Understanding Scarcity and Choices

Authored by Kendall Folsom

Social Studies

2nd Grade

Understanding Scarcity and Choices
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does scarcity mean?

Having more than enough of something

Not having enough of something

Having everything you want

Sharing everything equally

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do we need to make choices?

Because we have too much of everything

Because we can't have everything we want

Because we don't like sharing

Because we always have enough

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an opportunity cost?

The thing you get when you make a choice

The thing you give up when you make a choice

The money you spend on something

The time you save by making a choice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of using price to share things?

Voting on a game to play

Buying ice cream at the store

Sharing crayons in the classroom

Lining up for lunch

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does majority rule work?

The first person to arrive gets the item

The choice with the most votes wins

Everyone gets an equal share

The person who pays the most gets the item

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of sharing things through a contest?

Sharing crayons in the classroom

Voting on a game to play

Winning a prize at a school fair

Lining up for lunch

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "first-come-first-served" mean?

Everyone gets an equal share

The first person to arrive gets the item

The choice with the most votes wins

The person who pays the most gets the item

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