G4 Q2 W2 Opportunity cost Recap 2

Zaynab spent her expenses on food, and saved the rest of her money for the next month. Henry is Zaynab her ___________ to take

• Bill

• Price

• Budget

Afford and opportunity cost have ____________.

• Incorrect meanings

• Different meanings

• The same meaning

The inability to buy anything you need or want is called _________

• Limited necessity

• Limited luxury

• Limited income

• None of the above

When someone gives up one thing to buy another, that is called

• Scarcity

• Bank

• Opportunity cost

• All of the above

Opportunity cost is the item _________ to buy.

• Chosen

• Not appreciated

• Not chosen

• Appreciated

Limited ________ and _________ are two factors that can affect opportunity cost.

• Income and allowance

• Income and scarcity

• Income and bank

• None of the above

People cannot always afford to buy or purchase something they want because ___________.

• Both are incorrect

• Limited income ONLY

• High price of the product and limited income