Opportunity Cost
Authored by T Parson
Computers
7th Grade
CCSS covered
Used 124+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economic problem is that
resources are limited and wants are limited.
resources are unlimited and wants are limited.
resources are limited and wants are unlimited.
resources are unlimited and wants are unlimited.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A popular bakery has only a few ingredients left to make their products. They could bake muffins or cookies, but they can’t make both. The bakers decide to make cookies for their customers. What is the opportunity cost of their decision?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is scarcity?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A need is something we can't live without.
True
False
Tags
CCSS.L.1.6
CCSS.L.3.6
CCSS.L.4.6
CCSS.RL.1.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A want is something we would like to have but could live without it.
True
False
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which items should you pay for before buying something you want?
rent
utilities
groceries
all of the above
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