
Scarcity
Presentation
•
Social Studies
•
11th Grade
•
Hard
Joseph Anderson
FREE Resource
11 Slides • 5 Questions
1
Scarcity, Production & Trade-offs
A Quizizz.com Lecture
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3
Multiple Choice
Which of the following is the best "economics" definition for the word "Resource?"
A material removed from earth using human labor
Anything that can be used to make something else
When you "source" again and again and again.
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Multiple Choice
During the industrial revolution, new machines made it possible to produce products more rapidly and less expensively than ever before. As a result, one could argue that the economic growth created by the industrial revolution was founded on an increase in.... which of these "factors of production?"
Land
Labor
Physical Capital
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Multiple Choice
Which of the following is the best "economic" definition of "Scarcity?"
Scarcity is a state of shortage, in which people don't have enough of an important resource... like food.
Scarcity is when people have been badly beaten up, and so everyone has lots of "scars." Get it, it's like "Scar-city"
According to the principle of scarcity, society ALWAYS has limited resources and so it can never produce all the goods & services people wish to have.
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Multiple Choice
Which of the following resources is NOT (technically) scarce? (Even if it is a bit unusual)
Appleseed
Corn
Knowledge of Central Asian Geography
15
Multiple Choice
Which of the following resources is NOT scarce?
Diamonds
Smallpox
Copper
16
Scarcity, Production & Trade-offs
A Quizizz.com Lecture
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