Personal Finance Review

Personal Finance Review

2nd Grade

16 Qs

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Assessment

Quiz

Social Studies

2nd Grade

Practice Problem

Hard

Created by

Kassandra Juarez

Used 11+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Makayla is trick or treating and sees both Skittles and Sour Patch Kids in the bowl! She can only choose one. She chooses Sour Patch Kids. What is the opportunity cost?  

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2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Travis wants to play outside with his friends, but he also wants to play the new Pokemon game. Since he can’t do both, he chooses to play with his friends. What is the opportunity cost?  

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3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Alberto’s friends joined the baseball team. Alberto joined the soccer team by himself. What is the opportunity cost?  

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4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Grace’s teacher assigns the class a project to work on in groups. Grace wants to talk to her friend about what she did this weekend. Her teacher warns her if she does not stay on task, she will have to work by herself, but Grace keeps talking. What is the opportunity cost?

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5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an opportunity cost? 

  1. The cost of a good or service

  1. The amount of money you pay to do something

  1. The thing you give up when you choose something else. 

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the opportunity cost? 

Raul chose pizza at lunch instead of PB&J.

  1. Both meals

The PB&J

The pizza

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Why can't we have everything we want?

Scarcity

Choices never have costs

You can have everything you want

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