Opportunity Costs

You have to choose between a chocolate bar or an ice cream cone. You choose the ice cream cone. What is the opportunity cost?

• chocolate bar

• ice cream come

You have to choose between a beach holiday or fixing the roof. You choose the beach holiday. What is the opportunity cost?

• beach holiday

• fixing the roof

You have to choose between getting a new t-shirt or going to the movies. You choose the t-shirt. What is the opportunity cost?

• getting a new t-shirt

• going to the movies

A doctor's office needs to decide if they want to buy a new computer or a new fax machine. They choose a new computer. What is the opportunity cost?

• new computer

• new fax machine

An ice cream shop needs to decide if they want to hire more workers or buy a new delivery van. They choose a new delivery van. What is the opportunity cost?

• hire more workers

• new delivery van

A local store needs to decide if they want to have an office party or give the money to the owner for more profit. They choose an office party. What is the opportunity cost?

• office party

• money for the owner for more profit

The government must decide if they should increase unemployment benefits or build new roads. They decide to increase unemployment benefits. What is the opportunity cost?

• increase unemployment benefits

• build new roads

The government must decide if they should buy more equipment for the military or hospitals. They decide to go with the hospitals. What is the opportunity cost?

• military

• hospitals