Choices and Opportunity Cost

Choices and Opportunity Cost

3rd - 4th Grade

10 Qs

quiz-placeholder

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Choices and Opportunity Cost

Choices and Opportunity Cost

Assessment

Quiz

Social Studies

3rd - 4th Grade

Easy

Created by

Kimberley Tibbetts

Used 21+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is opportunity cost?

the choice you make

what you give up when you make a choice

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does value mean?

the cost of giving something up

the importance given to a choice made

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is scarcity?

not having enough resources

having too many resources

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Thomas goes the store to buy a Snickers bar. When he gets to the store they have 2 for 1 sale on Twix bars, so he buys the Twix. What is Thomas's opportunity cost?

the Twix bars

the Snickers bar

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Lainie goes the ice cream shop. She has two favorite flavors, chocolate and strawberry. When she gets to the shop, her mother says she can only have one scoop. Lainie picks strawberry. What is Lainie's opportunity cost?

strawberry ice cream

chocolate ice cream

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Mrs. Smith goes to Dillard’s to buy a pair of shoes. At the store she sees two that she likes- a red pair and a blue pair. Since red is her favorite color, she buys the red pair of shoes. What pair of shoes does Mrs. Smith value more?

the red pair

the blue pair

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Dante goes to Game Stop to buy the Minecraft game for his Xbox. When he gets to the store he notices that the new NBA 2K game has come out, he decides to still buy the Minecraft game. What game does Dante value more?

NBA 2K

Minecraft

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