G4 Q2 W2 Opportunity cost Recap 2

G4 Q2 W2 Opportunity cost Recap 2

4th Grade

7 Qs

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G4 Q2 W2 Opportunity cost Recap 2

G4 Q2 W2 Opportunity cost Recap 2

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Medium

Created by

Zaynab Hassan

Used 40+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Zaynab spent her expenses on food, and saved the rest of her money for the next month. Henry is Zaynab her ___________ to take

Bill

Price

Budget

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Afford and opportunity cost have ____________.

Incorrect meanings

Different meanings

The same meaning

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The inability to buy anything you need or want is called _________

Limited necessity

Limited luxury

Limited income

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When someone gives up one thing to buy another, that is called

Scarcity

Bank

Opportunity cost

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost is the item _________ to buy.

Chosen

Not appreciated

Not chosen

Appreciated

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited ________ and _________ are two factors that can affect opportunity cost.

Income and allowance

Income and scarcity

Income and bank

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People cannot always afford to buy or purchase something they want because ___________.

Both are incorrect

Limited income ONLY

High price of the product and limited income