G4 Q1 W6 Opportunity Cost
Authored by Zeinab Mohamed
Social Studies
4th Grade
Used 4+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One factor that can affect opportunity cost is ___________.
Scarcity
Income and Scarcity
Income
Income and taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One factor that can affect opportunity cost is ___________.
Scarcity
Income and Scarcity
Income
Income and taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When do people suffer from poverty?
When they are unable to buy luxuries
When they are very rich
When they can't afford food
None of the answers is correct
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Due to living in a world of scarcity, it affects the decisions people make while _____________.
Spending money
Opportunity cost
Losing everything
Creating a monthly budget
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an important part of personal finance?
Buying luxuries
Saving all the money
Spending all the money
Making decisions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does opportunity cost apply to other than money?
It applies to time spent
It applies only to money
It only applies to time spent
It doesn't apply to time
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are people forced to make choices? Why?
No, they are not
Never
Yes, they are
Only sometimes
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