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Economic Concepts: Opportunity Cost and Scarcity

Authored by Patricia Camarda

Social Studies

8th Grade

Used 9+ times

Economic Concepts: Opportunity Cost and Scarcity
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13 questions

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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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