United States · Common Core-aware

Grade 7 Economics Challenge worksheets

Create printable Economics Challenge worksheets for Grade 7. Choose difficulty, edit every question, and download a PDF with an answer key.

PreviewUS Letter · sample questions

Grade 7 · Social Studies

Economics Challenge practice

Solve each question. Show your work where needed.

What is scarcity?
A. having everything without limitsB. having limited resources to meet many wantsC. using no resources at all
When the price of a product rises and buyers purchase less of it, which idea is illustrated?
A. demandB. weatheringC. migration only
What is an opportunity cost?
A. every choice available at onceB. the next-best choice given up when a decision is madeC. money received as a gift
What is scarcity? (Set 2)
A. having everything without limitsB. having limited resources to meet many wantsC. using no resources at all

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