Which statement explains scarcity? Options: There's enough of everything for everybody, As long as you have money, you can get anything you want., People always find more resources., People's wants are unlimited, but resources are limited.
Seven Principles of Economic Thinking Review

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Social Studies
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9th - 12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
People's wants are unlimited, but resources are limited.
2.
FLASHCARD QUESTION
Front
An incentive is something that...
Back
motivates you to do something
3.
FLASHCARD QUESTION
Front
I only have an hour of free time today. If I study, I can't see my friends.
Back
Costs versus Benefits
4.
FLASHCARD QUESTION
Front
I thought it was a good idea to get a dog. I didn't know it would drive my neighbors crazy.
Back
Future Consequences Count
5.
FLASHCARD QUESTION
Front
All that time at the gym is worth it. I'll look good this summer!
Back
Incentives Matter
6.
FLASHCARD QUESTION
Front
I already ate 5 slices of pizza. Should I eat one more?
Back
Thinking at the Margin
7.
FLASHCARD QUESTION
Front
Should I spend thousands of dollars on college? Would it be worth it?
Back
Costs vs Benefits
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