These are the things we desire to have.
Scarcity and Opportunity Cost Review

Quiz
•
Social Studies, Other
•
9th - 12th Grade
•
Easy
Christina Velazquez
Used 76+ times
FREE Resource
21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wants
Goals
Opportunity Costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because of scarcity, people are forced to make _________ about how to use resources.
Choices
Opportunities
Houses
Desires
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In economics a decision is free if:
There is no money involved.
There are no products involved.
There is no exchange with another person.
A decision is never free. There is usually an alternative which results in an opportunity cost. Not free.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is it called if we ran out of coffee creamer?
Scarcity
Opportunity Cost
Producer
Services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is only a problem for poor people.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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