Economic Concepts: Opportunity Cost and Scarcity

Economic Concepts: Opportunity Cost and Scarcity

8th Grade

13 Qs

quiz-placeholder

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Economic Concepts: Opportunity Cost and Scarcity

Economic Concepts: Opportunity Cost and Scarcity

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Easy

Created by

Patricia Camarda

Used 6+ times

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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

Media Image

Good or Service?

Good

Service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Good or Service?

Good

Service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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