Opporutnity Cost and the PPF

Opporutnity Cost and the PPF

10th Grade

25 Qs

quiz-placeholder

Similar activities

MODULE 3 - POST-TEST - BASIC ACCOUNTING

MODULE 3 - POST-TEST - BASIC ACCOUNTING

10th Grade

20 Qs

My Leadership Skills

My Leadership Skills

9th - 12th Grade

22 Qs

Business managements Multiple Choice Questions

Business managements Multiple Choice Questions

9th - 12th Grade

20 Qs

Entrepreneur Project - Topic 1 Revision

Entrepreneur Project - Topic 1 Revision

9th - 10th Grade

20 Qs

MATEMATIK T4 KSSM

MATEMATIK T4 KSSM

10th - 11th Grade

20 Qs

FORM 5 END OF TERM 2 QUIZ

FORM 5 END OF TERM 2 QUIZ

9th - 12th Grade

20 Qs

Graad 10 - KMV en Vorme van Eienaarskap

Graad 10 - KMV en Vorme van Eienaarskap

10th Grade

20 Qs

Opporutnity Cost and the PPF

Opporutnity Cost and the PPF

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Dellon-Dale BENNETT

Used 5+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

your choice
what you give up to make a choice

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Emelia has been invited to a sleep over at Chloe’s house for this Saturday.  Emelia has tickets to see her favorite band in concert that same night.  She decides to give the tickets to her sister and go to Chloe’s house.  What is the opportunity cost of her decision?

seeing her favorite band 
spending time at a friends house 

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Max is studying for his spelling test.  Unfortunately, his favorite TV program is on right now.  If he studies for the test, he will miss watching the show.  Max decides to study for his test instead of watching TV.  What is the opportunity cost of his decision?

studying for a test
watching TV 

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A popular bakery has only a few ingredients left to make their products.  They could bake muffins or cookies, but they can’t make both.  The bakers decide to make cookies for their customers.  What is the opportunity cost of their decision?

muffins 
cookies 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic problem is that

resources are limited and wants are limited.

resources are unlimited and wants are limited.

resources are limited and wants are unlimited.

resources are unlimited and wants are unlimited.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The opportunity cost of a good is

its price in dollars and cents.

the alternative goods forgone.

the price of alternative goods foregone.

none of the other options

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how

gov't allocates scare resources to satisfy people's unlimited wants.
gov't supplies money to businesses to produce goods & services.
people use their scarce resources to satisfy their unlimited wants.
businesses supply unlimited goods & services with limited resources.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?