Lesson 1.2: Scarcity Vocabulary

After watching the video fill in the gaps with the vocabulary you heard. Watch the video again if necessary.

Scarcity

Gap-fill exercise

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

1. Every family must make a to plan what they want to spend their money on.
2. There are cars in the world that oil has become .
3. grows in fields and is cultivated by famers.
4. means there is of a resource to satisfy everybody’s needs.
5. A business resources by giving their products a price.
6. Everybody has wants and needs.
7. is the reason the study of economics exists.