Scarcity - Week 22

Scarcity - Week 22

2nd Grade

10 Qs

quiz-placeholder

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Scarcity - Week 22

Scarcity - Week 22

Assessment

Quiz

Other

2nd Grade

Practice Problem

Medium

Created by

Lacia Sadler

Used 267+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you choose to buy is an opportunity cost.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is not having enough of something.

True
False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A benefit is something good or helpful.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you choose an apple instead of a banana, the banana is the opportunity cost.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is NEVER a big problem.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will probably happen if something people want to buy is scarce?

The price will go up.
The price will go down.
You will be able to get it for free.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you give up something to buy another thing, the thing you give up is your __________.

the benefit
the opportunity cost
scarcity

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