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So, would you like to take some scarcity quiz questions and answers? Do you fancy yourself knowledgeable in economics and all matters of finance and money? Are you aware of what the term scarcity means? Take this quiz to find out...

Questions: 10 | Attempts: 7142 | Last updated: Aug 19, 2025

Sample Question 1
What is scarcity?

The act of being afraid

The excess of a product that hasn't been sold

The inability to satisfy the unlimited wants and needs of people.

The number of goods and services consumers want

Sample Question 2
When a limited amount of resources are available, consumers must:

Demand more

Choose an alternative

Wait

Fight for them

Sample Question 3
All are alternatives to scarcity EXCEPT:

Wish

Ration

Trade

Substitute

6th Grade Microeconomics Quizzes, Questions & Answers

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