Economic Choice & Opportunity Cost

Economic Choice & Opportunity Cost

3rd Grade

6 Qs

quiz-placeholder

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Economic Choice & Opportunity Cost

Economic Choice & Opportunity Cost

Assessment

Quiz

Social Studies

3rd Grade

Easy

Created by

Hunter Post

Used 32+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the choice that is made among alternatives or possibilities?

Economic choice

Opportunity cost

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is given up when a choice is made?

Economic choice

Opportunity cost

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

You go to Target and pick 2 shirts. You only have enough money for 1 of them. One of them is on sale and the other is full price. You pick the one on sale. What is your economic choice?

Target

The full price shirt

The money

The shirt on sale

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

True or False: All choices require giving up something else.

True

False

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

You have 30 minutes before dinner. You can either draw or play outside. You choose to play outside. Drawing is your ______.

Opportunity cost

Economic choice

6.

OPEN ENDED QUESTION

10 mins • Ungraded

Why do we make economic choices?

Evaluate responses using AI:

OFF