Economic Activity and Opportunity Cost

This is the transformation of raw materials into consumer and capital goods.

• Tertiary

• Primary

• Secondary

This deals with with the sale and exchange of manufactured products and raw materials

• Primary

• Secondary

• Tertiary

Select the economic activity shown in the picture:

• Primary

• Secondary

• Tertiary

Select the economic activity based on the picture:

• Primary

• Tertiary

• Secondary

Select the economic activity shown in the picture

• Tertiary

• Primary

• Secondary

Someone gives up going to see a movie to study for a test in order to get a good grade.

• Movie

• Good grade for his test

A player attends volleyball training to be a better player instead of taking a vacation.

• Vacation

• Volleyball training

If you decide not to go to work, the opportunity cost is ...

• Lost wages

• Leisure time

Mike really wants to eat at a new restaurant and can only afford it if he does not order a dessert. His opportunity cost is....

• his new restaurant experience

• dessert

is what you must forgo in order to get something.

(a)