Economic Choice and Opportunity Cost

Economic Choice and Opportunity Cost

3rd Grade

6 Qs

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Economic Choice and Opportunity Cost

Economic Choice and Opportunity Cost

Assessment

Quiz

Social Studies

3rd Grade

Practice Problem

Medium

Created by

Jenna Kimble

Used 108+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The choice that is made among alternatives or possibilities?

economic choice

opportunity cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the next best choice that is given up when a choice is made?

economic choice

opportunity cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You go to Target and pick 2 shirts. You only have enough money for 1 of them. One of them is on sale and the other is full price. You pick the one on sale. What is you economic choice?

the money

the full price shirt

the on sale shirt

Target

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: People can have everything they want.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: All choices require giving up something else.

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have to make a choice between playing outside or playing Xbox. You choose to go outside. Playing Xbox is your _________________.

opportunity cost

economic choice

fun

happy place