Economics: Opportunity Costs
Authored by Erica Dawson
Other
12th Grade
Used 16+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
3 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The number one thing that is given up in order to do something else is referred to as the _________.
law of supply
law of scarcity
opportunity cost
equilibrium price
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
"Opportunity cost" is related to the basic economic concept known as ___.
demand
price
scarcity
supply
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If you could either study for an economics test, go to dinner with friends, or play basketball tonight, but you decided that good grades were more important than basketball (though you REALLY wanted to play ball), what would be your opportunity cost?
playing basketball
studying for a test
dinner with friends
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
Already have an account?
