Everfi Vault 1-2

Everfi Vault 1-2

6th Grade

20 Qs

quiz-placeholder

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Everfi Vault 1-2

Everfi Vault 1-2

Assessment

Quiz

Other

6th Grade

Practice Problem

Medium

Created by

Kristie Booth

Used 149+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have limited means, you _____.

have too much money

spend too much money

save enough money

can't have everything

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you must give somethin up in order to get something else, it's called ____

a sound investment.

an opportunity cost.

a lost opportunity.

a limited means.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do you need to use decision making skills if you have limited means?

Since you are not able to have everything, you must decide what you really need.

Making decisions is possible when you can have everything.

You have a limited number of decisions.

You have too much money, which makes decision making hard.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An opportunity cost can make decision making difficult because _____.

you must choose to give up some things in order to get other things

the costs might be extremely high

it’s hard to make decisions about opportunities

you may only get that opportunity once

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Before you buy something you want, you should buy____

something cheap.

something you need.

something expensive.

something on sale.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Food, water, shelter and clothing are examples of _____.

limited means

wants

needs

opportunities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have limited means you may need to prioritize. This could mean crossing video games off your shopping list and replacing them with _____.

groceries

movie tickets

designer jeans

new sneakers

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