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