1.2 Opportunity Cost and Trade-Offs Pearson Economics

1.2 Opportunity Cost and Trade-Offs Pearson Economics

9th - 12th Grade

15 Qs

quiz-placeholder

Similar activities

Araling Panlipunan 9-Kalakalang Panlabas

Araling Panlipunan 9-Kalakalang Panlabas

9th Grade

10 Qs

PSB Unit 3 Vocab

PSB Unit 3 Vocab

9th - 12th Grade

15 Qs

Akuntansi sebagai sistem informasi

Akuntansi sebagai sistem informasi

12th Grade

10 Qs

akuntansi sebagai sistem informasi

akuntansi sebagai sistem informasi

12th Grade

20 Qs

Penilaian Harian Ekonomi Kelas 12

Penilaian Harian Ekonomi Kelas 12

12th Grade

15 Qs

Crime and deviance

Crime and deviance

10th Grade

10 Qs

Quiztime: Independence Day 2019

Quiztime: Independence Day 2019

7th Grade - Professional Development

15 Qs

BREAK EVEN POINT MAKANAN KHAS DAERAH

BREAK EVEN POINT MAKANAN KHAS DAERAH

11th Grade

10 Qs

1.2 Opportunity Cost and Trade-Offs Pearson Economics

1.2 Opportunity Cost and Trade-Offs Pearson Economics

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Kristen Schaeffer

Used 168+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A technique of reducing or forgoing one or more desirable outcomes in exchange for increasing or obtaining other desirable outcomes in order to maximize the total return or effectiveness under given circumstances.
Trade-off
Opportunity cost
PPF
Scarcity

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following best describes the relationship between trade offs and opportunity cost?
opportunity costs happen because of trade offs
opportunity costs are the opposite of trade offs
trade offs lower the opportunity cost of an economic decision
trade offs occur when there are no opportunity costs

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Imagine you decide to purchase a soccer ball for $35. Which of the following is an opportunity cost of your decision?
the time spent deciding to spend your money
something else that could have been bought
$35 in cash
the time spent making the purchase and the tax paid on the bill

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

the cost of the next best thing (what you are giving up)
opportunity cost
opportunity costs are the opposite of trade offs
trade offs

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

a choice between two things that cannot be had at the same time
opportunity cost
opportunity costs are the opposite of trade offs
trade offs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country is responsible for producing guns for military defense and school lunches for students who can't afford it ("butter"). The opportunity cost of producing more guns is.. 
decrease in the # of lunches divided by the increase in the # of guns
increase in the # of guns divided by the decrease in the # of lunches
decrease in the # of guns divided by the increase in the # of lunches
increase in the # of lunches divided by the decrease in the # of guns

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Economic decision to use one more additional unit of a resource
Thinking at the Margin
Factors of Production
Opportunity Cost
Guns or Butter

Create a free account and access millions of resources

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

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?