What event is used to illustrate the concept of scarcity in the introduction?

Understanding Scarcity and Its Causes

Interactive Video
•
Economics, Geography, Business
•
7th - 10th Grade
•
Hard

Amelia Wright
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Volcanic eruption in East Java
Drought in Bali
Earthquake in Sumatra
Flooding in Jakarta
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is scarcity generally defined in economics?
Balanced resources and needs
Excess resources for all needs
Limited resources for unlimited needs
Unlimited resources for limited needs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a cause of scarcity mentioned in the video?
Geographical differences
Population growth
Technological advancement
Political instability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does population growth contribute to scarcity?
It leads to technological advancements
It causes geographical changes
It decreases the number of resources
It increases the demand faster than production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a factor of production that can be limited, contributing to scarcity?
Weather conditions
Cultural beliefs
Labor and capital
Political systems
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does low technology affect scarcity?
It balances supply and demand
It limits the ability to meet needs
It enhances production efficiency
It increases resource availability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What natural event is highlighted as a cause of scarcity?
Hurricane
Landslide
Tsunami
Volcanic eruption
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