History 7 Cost-Benefit Analysis

In terms of today's lesson, what is a cost?

• a negative outcome

• a positive outcome

• the price of an item

In terms of today's lesson, what is a benefit?

• a negative outcome

• a positive outcome

• the price of an item

Which TWO of the options below would be considered costs of getting a new cat?

• excess hair on clothes and furniture

• companionship

• a calming effect in your life

• a smelly litter box

Which TWO of the options below would be considered benefits of moving to a new country?

• new and interesting experiences

• making more friends

• leaving family behind

• having difficulties fitting in

What is economic cost?

• a negative outcome

• a positive outcome

• the price of an item

Benefits can also be referred to as _____________.

• pros

• cons

Costs can also be referred to as _______________.

• pros

• cons

When making a decision, government leaders need to consider the economic, ___________________, AND _____________________ consequences.

• social, political

• geographical, cultural

A _______________________ is something that happens as a result of something else.

• consequence

• benefit

• cost

• decision

Egyptian pharaohs likely had to perform a cost-benefit analysis before making big decisions such as whether or not to build ___________________.

• pyramids

• mosques

• ziggurats

• steles