Economics Practice 9: Making Economic Choices

Questions

1. MultiChoice

   What is an economic choice?

2. MultiChoice

   What is opportunity cost?

3. WordsBox

   Every choice has an opportunity ____ which is what you give ____

4. MultiChoice

   If you choose to play soccer instead of reading a book, what is your opportunity cost?

5. MultiChoice

   Why must people make economic choices every day?

6. MultiChoice

   If you have $5 and buy a sandwich instead of a toy, what did you give up?

7. WordsBox

   Choosing one option means making a ____ of another ____

8. MultiChoice

   What is a trade-off?

9. MultiChoice

   If a school spends its budget on new computers instead of playground slides, what is the trade-off?

10. WordsBox

    Smart decision-making involves weighing the ____ against the ____

11. MultiChoice

    If you spend your evening studying for a test, what is your opportunity cost?

12. MultiChoice

    Why is it important to learn about economic choices?