Let’s go through the worksheet step by step.
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Part 1: Read each story. What is scarce in each one?
We need to find what is *scarce* — meaning, what is not enough for everyone who wants it.
1.
Pete wants to buy something. But he has no money with him.
→ He can’t buy anything because he has no money. So,
money is scarce.
2.
The boys want to eat two sandwiches each. But there is only one sandwich.
→ There are 2 boys, and they each want 2 sandwiches → that’s 4 sandwiches needed. But only 1 is available. So,
sandwiches are scarce.
3.
Jim and John both want a cookie. But there is only one left.
→ Two people want one cookie → not enough for both. So,
cookies are scarce.
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Part 2: Read each story. Is something scarce? Write yes or no.
We’re checking if there’s a shortage of something someone wants.
1.
Jordon wants a taco. There are 50 tacos.
→ He wants 1, and there are 50 → plenty! So,
no, nothing is scarce.
2.
Jack wants oranges, but the kitchen is all out of oranges.
→ He wants oranges, but there are zero → he can’t get any. So,
yes, oranges are scarce.
3.
Brenda and Sarah both want a cupcake. But there is only one cupcake left.
→ Two people, one cupcake → not enough. So,
yes, cupcakes are scarce.
4.
Two children need books. There are 1,000 books in the library.
→ They need 2 books, and there are 1,000 → more than enough. So,
no, nothing is scarce.
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✔ All answers checked and verified.
Final Answer:
Part 1:
1. Money
2. Sandwiches
3. Cookies
Part 2:
1. no
2. yes
3. yes
4. no
Parent Tip: Review the logic above to help your child master the concept of 2nd grade economics worksheet.
