Making Economic Choice and Opportunity Cost

Front

What is the term that refers to the limited availability of resources? Choices: Scarcity, Opportunity Cost

Back

Scarcity

Front

What is the correct answer among the following options: Choices, Scarcity, Opportunity Cost?

Back

Opportunity Cost

Front

What is the correct answer: bike or scooter?

Back

scooter

Front

Which gaming console is known for its motion-sensing controls? Options: XBox One, Wii

Back

Wii

Front

What is the correct answer: trampoline or pool?

Back

trampoline

Front

What is the correct answer: drums or guitar?

Back

guitar

Front

Which candy bar is known for its nougat and caramel filling? Options: Snickers, Milky Way

Back

Milky Way

Front

Why do all societies have to make decisions about how resources will be used?

Back

There are not enough resources for those who want them

Front

What is Opportunity Cost?

Back

The item you didn't choose

Front

True or false. People can have everything they want.

Back

False