Scarcity and Choice
Aligned to C3.D2.Eco — C3 Framework for Social Studies State Standards.
What this lesson teaches
Scarcity means there isn't enough of something for everyone's wants, so people must make choices about how to use limited resources.
Worked example
If you have $5 and want both a book and a toy that each cost $5, scarcity forces a choice — you can buy only one.
Practice questions
- What does scarcity mean?
- Why do scarce resources force choices?
- Describe a choice you made because of limited money or time.
Watch the lesson
Every lesson comes with a video taught in English and Spanish — the same video the QR code in the printed workbook opens.
▶ Watch this lessonEn español
La Escasez y la Toma de Decisiones
La escasez significa que no hay suficiente de algo para satisfacer los deseos de todos, por lo que las personas deben tomar decisiones sobre cómo usar los recursos limitados.
Ejemplo: Si tienes $5 y quieres tanto un libro como un juguete que cuestan $5 cada uno, la escasez te obliga a elegir — solo puedes comprar uno.
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