CE.11a Opportunity Cost Practice

CE.11a Opportunity Cost Practice

8th Grade

15 Qs

quiz-placeholder

Similar activities

Opportunity Cost and Trade Offs

Opportunity Cost and Trade Offs

7th - 12th Grade

10 Qs

Scarcity Tradeoff and Opportunity Cost

Scarcity Tradeoff and Opportunity Cost

7th - 12th Grade

10 Qs

Unit 1 Test 1 Review

Unit 1 Test 1 Review

8th - 12th Grade

12 Qs

Business Organization (SOL CE 12A) Review

Business Organization (SOL CE 12A) Review

7th - 9th Grade

10 Qs

Warmup 27th and 28th

Warmup 27th and 28th

6th - 8th Grade

13 Qs

Opportunity Cost - Caudell

Opportunity Cost - Caudell

4th - 8th Grade

15 Qs

Economics Pre-Test

Economics Pre-Test

8th Grade

17 Qs

Tradeoffs and Opportunity Cost Calculations

Tradeoffs and Opportunity Cost Calculations

7th - 12th Grade

10 Qs

CE.11a Opportunity Cost Practice

CE.11a Opportunity Cost Practice

Assessment

Quiz

Social Studies

8th Grade

Medium

Created by

Jordan Gray

Used 8+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have a major exam tomorrow, but your friends are planning to play your favorite video game tonight. If you decide to play with them, what is the opportunity cost?

The fun you would have playing the game

The time you could have spent studying for the exam

The sleep you might lose by staying up late

The experience of playing the game with friends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have saved $500 and you're deciding between buying a new phone or a laptop. If you choose to buy the phone, what is the opportunity cost?

The enjoyment of using a new phone

The $500 spent

The utility of having a laptop for schoolwork

The features you miss out on by not having the latest laptop

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You're offered a part-time job that pays well, but it conflicts with your soccer practice times. If you choose the job, what is the opportunity cost?

The money you would earn from the job

The enjoyment and health benefits of playing soccer

The experience and skills gained from the job

The potential to win a soccer championship with your team

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You need to decide between buying a car, which involves monthly payments, insurance, and gas, or using public transport. If you choose to buy a car, what is the opportunity cost?

The convenience of having your own car

The money saved by using public transport

The time spent in traffic

The environmental impact of driving a car

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you decide to spend your weekend studying for an upcoming test instead of going on a trip with your family, what is the opportunity cost?

The knowledge gained from studying

The memories made with your family on the trip

The relaxation from taking a break from studies

The potential to score higher on the test

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choosing between attending a coding bootcamp or a sports camp during the summer, if you opt for the coding bootcamp, what is the opportunity cost?

The skills and knowledge gained from the coding bootcamp

The physical fitness and teamwork skills from the sports camp

The potential job opportunities from learning coding

The fun of engaging in sports activities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When deciding whether to save your allowance or spend it on a new video game, if you choose to save it, what is the opportunity cost?

The interest earned from saving the money

The enjoyment and entertainment of playing the new game

The security of having savings

The opportunity to buy something more expensive later

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?