DeSSA Social Studies Grade 5 Practice Questions - Delaware System Of Student Assessments (DeSSA) Social Studies Through-Year - Grade 5 Exam

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A school club has $200 and a list of six projects that together would cost $700. Which economic idea does the club's situation show?

Scarcity, because limited resources cannot cover every want A surplus, because the club has more money than it needs Bartering, because the club is trading goods instead of using money Inflation, because the club's prices are rising over time

Correct Answer:

Scarcity, because limited resources cannot cover every want

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