WorksheetsOpportunity Cost
Total questions: 10
Worksheet time: 7mins
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
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
An opportunity cost can be known as a
trade-off
trade secret
tax
tooth fairy
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
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
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
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
When you make a choice, you give up
the opportunity to make a different choice
hunting bears
your dream of winning the lottery
your tax refund
Marisol has a coupon for free scoop of ice cream. She decides to get mint chocolate chip. Her opportunity cost is
strawberry
vanilla
rocky road
all of the above
The loss of potential gain from other choices, when one choice is made is
the cost of living
the cost of college
opportunity cost
unlimited choices
