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Economics oportunity costs

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10 questions
Show answers
  • Q1
    What is an opportunity cost?
    The total cost of making a decision
    The value of the next best alternative that you give up when making a choice
    The amount of money spent on a choice
    The benefits of choosing the most popular option
    30s
  • Q2
    If you spend your allowance on a video game instead of saving it for a concert, what is the opportunity cost?
    The time spent playing the video game
    The amount of fun from playing video games
    The enjoyment you would have had at the concert
    The money spent on the video game
    30s
  • Q3
    If you choose to study for an exam instead of going to a friend's party, what is your opportunity cost?
    The grade you receive on the exam
    The snacks at the party
    The time spent studying
    The fun and memories from the party
    30s
  • Q4
    When choosing between buying a new bike or saving for a tablet, what is the opportunity cost of buying the bike?
    The friends you could have gone biking with
    The time spent riding the bike
    The tablet you could have bought instead
    The money spent on the bike
    30s
  • Q5
    If you decide to save money for a new video game instead of going out for ice cream with friends, what is the opportunity cost?
    The time spent saving money
    The cost of the video game
    The fun and enjoyment of going out for ice cream
    The calories from the ice cream
    30s
  • Q6
    If you choose to go to a movie instead of studying for a test, what is the opportunity cost?
    The time taken to watch the movie
    The money spent on the movie ticket
    The potential higher grade you could have received
    The fun you had at the movie
    30s
  • Q7
    If you spend your free time practicing soccer instead of playing video games, what is the opportunity cost?
    The physical fitness from practicing
    The skills you gain in soccer
    The friends you play soccer with
    The enjoyment you would have had from playing video games
    30s
  • Q8
    If you decide to work extra hours at a part-time job instead of hanging out with friends, what is the opportunity cost?
    The experience gained from working
    The time spent with friends
    The skills you learn at your job
    The money earned from working
    30s
  • Q9
    If you spend your summer vacation working at a camp instead of traveling with your family, what is the opportunity cost?
    The experiences and memories made while traveling
    The money earned from working
    The skills gained from working at the camp
    The friends you make at the camp
    30s
  • Q10
    If you choose to take a music class instead of a painting class, what is the opportunity cost?
    The money spent on the music class
    The friends you make in the music class
    The time spent practicing music
    The skills and creativity you could have gained from painting
    30s

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