economic choices
Authored by E J
Social Studies
3rd Grade
Used 46+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Why do people have to make economic choices?
Because people need to get what they want.
Because people can't get everything so they need to decide.
Because people like to spend their money.
Because they like to make trade-offs.
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What does adjust mean?
giving up one thing for another.
the price needed to get something.
to change or shift.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
When we adjust we change what we expect to get.
True
False
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The book costs $10.
$10 is the _________.
cost
opportunity cost
want
trade-off
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You have some money to buy slime or a ball You can't buy both, so you choose to buy the slime. The ball is the _________________.
cost
opportunity cost
trade-off
need
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If there is a cost to something, why would you buy it?
Because it's free.
Because it costs a lot of money.
Because it has a benefit.
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a benefit?
a useful result.
something you give to get something else.
the price needed to get something.
able to be trusted to do something right.
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