Scarcity and Economic Choices
Grade 5 - Social Studies - Challenge Me
Scenario: a park crew has one truck for two repair jobs. What resource is scarce?
- land
- money
- apples
- equipment
In this choice, which option is one alternative: a student has one poster board left?
- ignore the limited resource
- choose every option without limits
- make a campaign sign
- make a science display
What is the opportunity cost if the decision chooses to buy art supplies?
- delaying picnic-table work if the bridge is repaired first
- giving up the campaign sign if the science display uses the board
- giving up the garden seeds if the class buys art supplies
- fewer apples available tomorrow if all are served today
Which criterion could help decide this scarcity problem: a school cafeteria has limited apples after a delivery delay?
- how to share a limited resource fairly
- which assignment is due first
- which activity has the greater benefit now
- which choice best meets the class goal
Which statement best explains scarcity in this scenario: a town has one empty lot for either a playground or a parking area?
- a limited resource means people must compare alternatives
- tradeoffs happen only on maps
- scarcity means everyone gets every option
- opportunity cost is never part of a choice
Scenario: a class has $40 for either art supplies or garden seeds. What resource is scarce?
- materials
- apples
- money
- land
In this choice, which option is one alternative: a park crew has one truck for two repair jobs?
- repair the bridge first
- move picnic tables first
- ignore the limited resource
- choose every option without limits
What is the opportunity cost if the decision chooses to build a playground?
- giving up garage-cleaning time if they visit the museum
- giving up the garden seeds if the class buys art supplies
- giving up the parking spaces if the town builds a playground
- giving up the campaign sign if the science display uses the board
Which criterion could help decide this scarcity problem: a class has $40 for either art supplies or garden seeds?
- which assignment is due first
- which use helps the community most
- how to share a limited resource fairly
- which choice best meets the class goal
Which statement best explains scarcity in this scenario: a family has two free hours on Saturday?
- tradeoffs happen only on maps
- scarcity means everyone gets every option
- a limited resource means people must compare alternatives
- opportunity cost is never part of a choice