6th Grade Economics Current Event

Which of the following items would NOT be a good?

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• 
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Who are consumers?

• People who buy goods or services

• People who make goods

• People who provide services

What best describe the supply chain?

• The process of how a good is purchased and taken to a person's home

• The process of how a good is made and then gets to the consumer

• The process of how people come up with ideas for goods

When people make choices, they consider the...

• Money and Coins

• Supply and Demand

• Goods and Consumers

• Costs and Benefits

Jada has been invited to a sleep over at Chloe’s house for this Saturday.  Jada has tickets to see her favorite band in concert that same night.  She decides to give the tickets to her sister and go to Chloe’s house.  What is the opportunity cost of Jada's decision?

• She won't be able to see her favorite band

• She won't be able to spend time with her friends

Javon is studying for his spelling test.  Unfortunately, his favorite TV program is on right now.  If he studies for the test, he will miss watching the show.  Javon decides to study for his test instead of watching TV.  What is the cost of his decision?

• He won't be prepared for his spelling test

• He will miss out on his favorite show