Understanding Scarcity
A worksheet for second graders to learn about scarcity, needs, and wants.
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Understanding Scarcity
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Read each question carefully and answer to the best of your ability.
What is Scarcity?
Scarcity means there is not enough of something for everyone who wants it. Because of scarcity, we have to make choices.
1. When there is not enough of something, we call it .
2. Because of scarcity, we have to make .
A need is something you must have to live, like food or water. A want is something you would like to have, but do not need to live, like a toy.
Decide if each statement is a need or a want. Circle T for True and F for False.
3. Food is a need.
True
False
4. A new video game is a need.
True
False
5. A warm coat in winter is a need.
True
False
6. Imagine you only have enough money for one thing. Would you buy food for dinner or a new toy? Explain why.
7. Which of these is an example of scarcity?
Everyone has enough water to drink.
There are not enough apples for everyone at the store.
You have many books to read.
Your friend shares their toys with you.