CE.11a Opportunity Cost Practice

Quiz
•
Social Studies
•
8th Grade
•
Medium
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
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