Economics Practice 11: Scarcity in Everyday Life Exercise

Economics Practice 11: Scarcity in Everyday Life

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Economics Practice 11: Scarcity in Everyday Life

See how the concept of scarcity applies to everyday real-world situations and resources.

Questions

  1. MultiChoice

    How can time be a scarce resource for a student?

  2. MultiChoice

    What happens when there is a scarcity of seats on a school bus?

  3. WordsBox

    Water becomes scarce during a ____ so people must ____ it.

  4. MultiChoice

    What does 'conserve' mean when a resource is scarce?

  5. MultiChoice

    If a library has only 1 copy of a popular book and 5 students want it, what is scarce?

  6. MultiChoice

    How does scarcity affect lunchtime in the cafeteria if pizza slices run out?

  7. WordsBox

    When land is scarce in a city, builders build ____ buildings upward to save ____

  8. MultiChoice

    Why is clean fresh water considered a scarce resource globally?

  9. MultiChoice

    What can a community do when electricity is scarce?

  10. WordsBox

    Making choices is necessary because our resources are ____ and limited in ____

  11. MultiChoice

    If you have 30 minutes of free time and want to play video games and ride your bike, what is scarce?

  12. MultiChoice

    Why are diamonds more expensive than common garden rocks?