Incentives/Opportunity Cost

What is an incentive?

• A type of fruit

• Something that encourages you to do something

• A kind of animal

• A place to visit

If you choose to play outside instead of doing your homework, what is the opportunity cost?

• The fun you have playing

• The time you spend playing

• The homework you didn't do

• The friends you play with

Which of these is an example of an incentive for doing your chores?

• Getting extra playtime

• Losing your toys

• Having to do more chores

• Going to bed early

What is the opportunity cost of choosing to watch TV instead of reading a book?

• The TV show you watch

• The book you didn't read

• The snacks you eat

• The time you spend watching TV

Which of these is NOT an incentive?

• A reward for good grades

• A punishment for not cleaning your room

• A sunny day

• A prize for winning a game

Why might someone choose to save their money instead of spending it on a toy?

• They don't like toys

• They want to buy something bigger later

• They have too many toys

• They forgot their money