1.2 Opportunity Cost and Trade-Offs Pearson Economics
Authored by Kristen Schaeffer
Social Studies
9th - 12th Grade
Used 183+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
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.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following best describes the relationship between trade offs and opportunity cost?
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?
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
the cost of the next best thing (what you are giving up)
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
a choice between two things that cannot be had at the same time
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..
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economic decision to use one more additional unit of a resource
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
