1.1 Opportunity Cost
Interactive Video
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Bryce Badger
Used 4+ times
FREE Resource
32 questions
Show all answers
1.
SLIDE QUESTION
30 sec • Ungraded
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What relationship is the graph showing?
What information is missing or assumed?
What could cause a change in the graph
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3.
SLIDE QUESTION
30 sec • Ungraded
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the concept of unlimited wants versus finite resources important in economics?
Because it explains why choices and trade-offs are necessary
Because resources are always unlimited
Because everyone always gets what they want
Because wants are always limited
5.
SLIDE QUESTION
30 sec • Ungraded
6.
SLIDE QUESTION
30 sec • Ungraded
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade-off in economics?
Choosing one thing over another due to limited resources
Getting everything you want without giving up anything
Making decisions without considering costs and benefits
Ignoring the value of alternatives
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