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Understanding Scarcity

A Grade 1 social studies worksheet to introduce the concept of scarcity and how it affects choices.

Grade 1 Social studies EconomicsScarcity
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Includes

Fill in the BlanksMultiple ChoiceTrue / FalseShort Answer

Standards

C3.Eco.1.K-2.1

Topics

scarcityeconomicsgrade 1social studieschoices
6 sections · Free to use · Printable
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Understanding Scarcity

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Read each question carefully and answer to the best of your ability. This worksheet is about scarcity, which means not having enough of something for everyone.

1. Scarcity means there is not enough of something for  .

2. When something is scarce, we have to make a  .

3. Your class has only one ball for recess. What is the best choice?

a

Only one person plays with it.

b

Everyone shares the ball and takes turns.

c

Hide the ball so no one can play.

d

Throw the ball away.

4. If there are not enough cookies for everyone, that is scarcity.

T

True

F

False

5. You can always have everything you want.

T

True

F

False

6. Imagine there is only one swing left at the park, but two children want to use it. What can they do?