Scarcity and Choices Worksheets

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Gravitate toward our free scarcity and choices worksheets and explore how limited resources coupled with unlimited wants force individuals to make choices based on preferences and opportunity costs, with pdf activities and exercises that encourage kids to make rational decisions by weighing the costs and benefits of the options involved.

Our scarcity and choices worksheets are ideal for kindergarten through grade 5.

Identifying Scenarios of Scarcity

Brush up on classroom rules that ensure the school day runs as smoothly as possible. Direct kindergarten kids to match each classroom rule to an appropriate picture.

Identifying Scenarios of Scarcity

Safety Rules and Situations | Cut and Glue

Sift through the set of safety rules featured in this cut-and-glue activity. Instruct kids in grade 1 and grade 2 to match each situation with an appropriate safety rule.

Sorting Situations into Bartering and Scarcity

analyzing Scenarios to Answer Questions

Reinforce the importance of safety rules with yet another exercise, this time directing 1st grade and 2nd grade kids to choose the correct options that complete the rules.

analyzing Scenarios to Answer Questions

Matching Scarcities to Their Consequences

Understanding the context of each scenario and paying attention to the details will help children assess whether the community rules were followed in this rules and laws worksheet.

Matching Scarcities to Their Consequences

Completing Sentences about Scarcity

Put grade 3 and grade 4 learners' grasp of rules and laws to the test with this pdf, where the task is for them to check if the rules make sense and correct them if they don't.

Completing Sentences about Scarcity

Identifying Situations That Are Examples of Scarcity

Highlight the line that divides rules and laws in this printable exercise. Focus on the source and the enforcement authorities to get an idea about the nature of the statements.

Identifying Situations That Are Examples of Scarcity

Breaking Down Real-Life Scenarios by Answering Questions

Given are everyday situations that involve choosing one of the two options given. Before your kids in grade 5 answer them, make sure they reflect on their personal choice and the reason.

Breaking Down Real-Life Scenarios by Answering Questions

Understanding Key Concepts in Economics - Cut and Glue

Give 3rd grade and 4th grade children a rundown on where rules and laws diverge in this printable worksheet featuring a cut-and-glue activity.

Understanding Key Concepts in Economics - Cut and Glue

Helping Rachel Choose a Career

List out a few pros and cons of a job in teaching, medicine, law, or banking so Rachel can decide what she would become in the future. Complete the table by reflecting on each job.

Helping Rachel Choose a Career

Scarcity and Choices - A Chart of Key Concepts

This printable scarcity and choices chart defines six vital concepts in economics and explains them with simple real-life examples, making it a must-have for grade 2 and grade 3 kids.

Scarcity and Choices - A Chart of Key Concepts

Writing Choices and Opportunity Costs

Look at the two options in each set and write what you would opt for. Get 2nd grade kids to write the opportunity costs in the scenarios.

Writing Choices and Opportunity Costs

Identifying Opportunity Costs

Get kindergarten and 1st grade kids to read the description, and identify the opportunity cost in this part of our scarcity and choices worksheets pdfs.

Identifying Opportunity Costs