Choices and Opportunity Cost
Quiz
•
Social Studies
•
3rd - 4th Grade
•
Easy
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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