Search Header Logo
Understanding Trade Offs in Decision Making

Understanding Trade Offs in Decision Making

Assessment

Flashcard

Financial Education

11th Grade

Practice Problem

Easy

Created by

Julie Hunter

Used 1+ times

FREE Resource

Student preview

quiz-placeholder

8 questions

Show all answers

1.

FLASHCARD QUESTION

Front

*Front:* Trade-off

Back

balance achieved between two desirable but incompatible features.

2.

FLASHCARD QUESTION

Front

*Front:* Opportunity Cost

Back

cost of forgoing the next best alternative when making a decision.

3.

FLASHCARD QUESTION

Front

*Front:* Scarcity

Back

resources leading to the necessity of trade-offs.

4.

FLASHCARD QUESTION

Front

*Front:* Decision-Making

Back

of choosing between alternatives, often involving trade-offs.

5.

FLASHCARD QUESTION

Front

*Front:* Want

Back

Services or goods that would help a person enjoy their life further

6.

FLASHCARD QUESTION

Front

*Front:* Need

Back

Goods or services that fulfill a basic need

7.

FLASHCARD QUESTION

Front

*Front:* Financial values

Back

principles and beliefs that guide how people manage their money and make financial decisions.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?