Scarcity and Choice
Grade 3 - Social Studies - Building Confidence
NameDate
Which situation shows scarcity?
- no one needs to decide
- unlimited supplies for everyone
- one soccer field
- every person gets every choice
What choice could respond to this scarcity: one soccer field?
- take every resource at once
- ignore needs
- schedule turns for teams
- erase the timeline
What is an opportunity cost of this choice: decide which class uses the kits first?
- another class waits
- the map key changes
- no tradeoff exists
- the resource doubles by itself
Why does scarcity such as "only two art kits" lead to choices?
- all sources are primary
- limited resources cannot meet every use at once
- people dislike maps
- goods are never useful
Which question helps make a scarcity decision about "one soccer field"?
- What is the capital letter?
- Which word is a suffix?
- Which use is most important right now?
- Does the magnet repel?
Which situation shows scarcity?
- no one needs to decide
- every person gets every choice
- one garden hose
- unlimited supplies for everyone
What choice could respond to this scarcity: limited bus seats?
- take every resource at once
- erase the timeline
- ignore needs
- reserve seats for riders
What is an opportunity cost of this choice: water the driest beds first?
- no tradeoff exists
- the resource doubles by itself
- other beds wait
- everyone gets unlimited time
Why does scarcity such as "limited bus seats" lead to choices?
- people dislike maps
- goods are never useful
- limited resources cannot meet every use at once
- regions have no features
Which question helps make a scarcity decision about "limited bus seats"?
- Which use is most important right now?
- Does the magnet repel?
- What is the capital letter?
- Which animal has fur?