I will mark first one to answer correctly WITH an explanation for each answer to each question.

Question 6
The fact that we cannot have everything we want is caused by...
A. scarcity
B. benefits
C. trade-offs
D. demand

Question 7
Which of the following forces us to make choices?
A. Scarcity
B. Trade-offs
C. Opportunity cost
D. Money

Question 8
When you make a choice, the experience from what would have been your second option is called...
A. trade-off
B. supply
C. demand
D. opportunity cost

Question 6
We cant have everything we want due to scarcity. There is just not enough of goods and services that can satisfy every persons wants and needs.

Question 7
Scarcity forces us to make decisions by making us decided how we can use limited resources to the best of our abilities

Question 8
The experience from what would have been the second choice is called opportunity cost, its the “cost” of not being able to enjoy the benefits of that choice because you chose another one.