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Opportunity Costs

Authored by Susan Cross

9th - 12th Grade

Used 61+ times

Opportunity Costs
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost is the cost we pay when we give up something to get something else.

True

False

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

If you have a job, what do you give up to go to work?

I could sleep in.

I could take my dog to the park and play all day.

I could spend the day looking for a better job.

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

There are many benefits to a college education. So what are the costs?

There are monetary costs.

Spend four or more years going to classes

You could be working and earning money instead of going to college.

giving up free time for study time that could be used to do other things

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Higher earnings is a distinct benefit of a college education.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tony buys a pizza and with that same amount of money he could have bought a drink and a hot dog. The opportunity cost is the drink and hot dog.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

David decides to quit working and go to school to get further training. The opportunity cost of this decision is the lost wages for a year.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jorge really wants to eat at a new restaurant and can only afford it if he does not order a dessert. The opportunity cost is the dessert.

True

False

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