Economic Concepts: Opportunity Cost and Scarcity
8th Grade
•13 Qs
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Economic Concepts: Opportunity Cost and Scarcity
Quiz
•
Social Studies
•
8th Grade
•
Practice Problem
•
Easy
Patricia Camarda
Used 6+ times
FREE Resource
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do societies have to make choices?
scarcity
opportunity cost
producer
consumer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who makes a good or service
opportunity cost
scarcity
producer
consumer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who buys or uses a good or service
consumer
opportunity cost
public
producer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is given up when a choice is made
private
scarcity
choice
opportunity cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Good or Service?
Good
Service
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Good or Service?
Good
Service
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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