Personal Finance Review

Personal Finance Review

2nd Grade

16 Qs

quiz-placeholder

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Personal Finance Review

Personal Finance Review

Assessment

Quiz

Social Studies

2nd Grade

Practice Problem

Hard

Created by

Ashley Thornton

Used 2+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an opportunity cost?

The cost of a good or service

The amount of money you pay to play a sport

The thing you give up when you choose something else

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do we have to make choices when spending money?

We have too much money to spend

We cannot have everything we want

We do not want to miss out on anything

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aimee chose a red pencil instead of a blue pencil. Which pencil is the opportunity cost?

Both pencils

The red pencil

The blue pencil

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to think before making a choice?

Because choices never have costs

Because choices take a lot of time

Because choices always have a cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to allocate something?

To give up

To take in

To give out

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A majority of Andrea's classmates voted for her to be class president. How were the votes allocated?

Lottery

Majority rule

First-come, first served

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The substitute teacher gave certain students a piece of candy for their good behavior. How did she allocate the candy?

Majority rule

Authority

Lottery

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