Economics is the study of how people ___________.
Economic Choice and Opportunity Cost Quiz

Quiz
•
Social Studies
•
3rd Grade
•
Medium
Delaci Mallory
Used 168+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
grow things in their garden to have food to eat.
make, use and trade things to make their lives easier.
decided between goods and services.
how to make money.
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
True or false. People can have everything they want.
True
False
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
True or False: All choices require giving up something else.
True
False
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
You have to make a choice between playing outside or playing Xbox. You choose to go outside. Playing Xbox is your_____________.
opportunity cost
fun
economic choice
happy place
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the next best choice that is given up when a choice is made?
economic choice
opportunity cost
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What a person gives up to get something they want ( your second choice)
producer
service
opportunity cost
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Tools, machines, equipment, money, and factories used to make goods.
Capital Resources
Producer
Service
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