Opportunity Cost
Authored by Melissa Carvalho-Ubl
Business, Other
KG - 10th Grade
Used 34+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is Opportunity Cost?
your choice
what you give up when you make a choice
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which one of these definitions best describes 'Opportunity Cost'?
The cost of making one decision over another
The opportunity that will cost you loads of money
The cost for the opportunity to buy anything you want
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is a want?
A person
Purple
Something you would like to have but don't need to live
Something you need to live
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is a need?
car
video game
water
candy
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is a trade-off?
The option someone chooses
The option someone does not choose
6.
FILL IN THE BLANK QUESTION
1 min • 5 pts
What is an example of an opportunity cost if someone chose to to buy new shoes instead of a heater?
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