Opportunity Cost
Quiz
•
Social Studies
•
5th - 6th Grade
•
Medium
Wayground Content
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11 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The Mendez family has saved money for a family vacation. They also would like to buy a swimming pool. They decide to go on vacation. What is the opportunity cost of their vacation?
$1,000
the vacation
swimming pool
going to the park
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The Austin City Council would like to build a new skate park or Soccer Field with tax money. The decide to build a skate park. What is the opportunity cost for the community?
Austin City Council
taxes
skate park
soccer field
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An opportunity cost can be known as a
trade-off
trade secret
tax
tooth fairy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You spend all of your birthday money on Air Pods. Now you can buy
an Iphone
a TV
nothing because your money is gone
a video game
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opportunity cost is
something that never happens
only a problem for adults
a myth
the value of the next best thing you give up whenever you make a decision
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
You decide to get a part-time job. Which one of these is NOT an opportunity cost when you are working?
time to sleep
time with your family
time to play games
time sharing
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A farmer decides to plant corn on all of her land. Which of the answers below is her opportunity cost ?
the ability to plant wheat
the ability to go to college
the ability of her workers
the stability of the economy
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