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9th - 12th Grade

9 Qs

quiz-placeholder

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Assessment

Quiz

Mathematics, Other

9th - 12th Grade

Hard

Created by

Teena Morris

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of these definitions best describe Opportunity Costs?

The cost of making one decision over another.

The cost for the opportunity to buy anything you want.

The opportunity that will cost you loads of money.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT an example of a need?

Water

Food

Cell phone

Shelter

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____________ is something you would like to have, but it is not required to live.

need

want

choice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false. People can have everything they want.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: All choices require giving up something else.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are the things we desire to have.

Wants

Goals

Opportunity Costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An opportunity cost can be known as a

trade-off

trade secret

tax

tooth fairy

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