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