Understanding Scarcity

A Grade 6 social studies worksheet exploring the concept of scarcity, its causes, and its impact on decisions.

Grade 6 Social studies EconomicsScarcity

Use This Worksheet

Includes

Multiple ChoiceFill in the BlanksShort AnswerTrue / FalseLong Answer

Standards

D2.Eco.1.6-8. Analyze how scarcity and choices create opportunity costs and affect economic decisions.

Topics

scarcityeconomicssocial studiesgrade 6

7 sections · Free to use · Printable

← More Social studies worksheets for Grade 6

Understanding Scarcity

Name:

Date:

Score:

Read each question carefully and answer to the best of your ability. This worksheet will help you understand the concept of scarcity and its importance in economics.

1. What is the basic economic problem that arises because people have unlimited wants but resources are limited?

Inflation

Scarcity

Surplus

Recession

2. Which of the following is an example of a scarce resource?

Air

Sunlight

Freshwater

Gravity

1. Scarcity forces individuals and societies to make about how to use their resources.

2. When a resource is scarce, its tends to increase.

3. The three basic economic questions that every society must answer due to scarcity are: What to produce? How to produce? and For to produce?

1. Explain in your own words what scarcity means.

2. Give an example of how scarcity affects a decision you make in your daily life.

1. Scarcity only affects poor countries.

True

False

2. All goods and services are scarce.

True

False

Imagine you have only $10 to spend at a school fair, but you want to buy a game that costs $8 and a snack that costs $5. Explain the concept of scarcity in this situation and what decision you would have to make.