Opportunity Cost

Opportunity Cost

7th - 8th Grade

19 Qs

quiz-placeholder

Similar activities

8 SS Quiz #1: South America & Argentina

8 SS Quiz #1: South America & Argentina

8th Grade

20 Qs

Revision Quiz - Mid Terms

Revision Quiz - Mid Terms

6th - 7th Grade

18 Qs

Mining Terminology

Mining Terminology

6th - 12th Grade

14 Qs

Boże Narodzenie w Polsce

Boże Narodzenie w Polsce

7th - 11th Grade

14 Qs

THE GREAT INDIAN DESERT (THAR DESERT)

THE GREAT INDIAN DESERT (THAR DESERT)

2nd - 8th Grade

20 Qs

REFORM,REFORMERS AND WOMEN

REFORM,REFORMERS AND WOMEN

8th Grade

16 Qs

QUIZ IT_ROUND 2_7&8_SST

QUIZ IT_ROUND 2_7&8_SST

7th - 8th Grade

20 Qs

American Revolutionary War Quiz

American Revolutionary War Quiz

8th Grade

14 Qs

Opportunity Cost

Opportunity Cost

Assessment

Quiz

Social Studies

7th - 8th Grade

Practice Problem

Medium

Used 78+ times

FREE Resource

AI

Enhance your content in a minute

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

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

your choice
what you give up to make a choice

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is scarcity? 

Having too many resources 
Not  having enough resources 

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A popular bakery has only a few ingredients left to make their products. The bakers decide to make cookies for their customers instead of muffins. What is their opportunity cost?

muffins

cookies

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Welch family has saved some money. They can spend it on a vacation or build a swimming pool in their back yard. They decide to spend the money on a swimming pool. What is the opportunity cost of their decision?

vacation

swimming pool

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Emelia has been invited to a sleep over, but she has tickets to a football game the same night. She decides to give the tickets away and go to the sleepover. What is the opportunity cost of her decision?

going to the football

spending time at a friends house

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Max is studying for a test, but his favorite TV program is on. If he studies for the test, he will miss watching the show. Max decides to study for his test instead of watching TV. What is the opportunity cost of his decision?

studying for a test

watching TV

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The local council must decide what to do with the money they have. They could build a new skate park or they could buy more computers for the library. The officials decide to build a skate park. What is the opportunity cost of their decision?

new skate park

more computers

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?