Economic Choice vs. Opportunity Cost
I have enough money to buy a book or a board game I buy the book. The opportunity cost is the
board game
Name 2 needs
Water, food, shelter, medicine
Name 2 Services
Any type of job
Name 1 natural resource.
water, plants, wood, animals, soil, etc..
When is Christmas?
December 25th
I can either buy a t-shirt or a pair of shoes. I choose the t-shirt. The economic choice is the...
t-shirt
Name 2 wants
Anything that is not a need.
Name 2 goods
Any type of materials
Name 1 human resource
Any job
What is 392+437=
829
I can buy a backpack, a pencil box, or a lunchbox. I choose the pencil box and lunchbox. The economic choice is the...
pencil box and lunchbox.
Name one need and want that is in the classroom
Needs: Water, Plants, Food
Wants: Desk, Pencil, Candy, Computers
Bob went to the fire station to talk to a firefighter. He went there to get a smoke dictator.
Which item is the good in this situation?
The smoke dictator.
Susie went to the store to buy groceries. Is Susie a producer or a consumer?
Consumer
What football team does Ms. Deon like?
EAGLES
I can buy an apple, an orange, or a pear. I choose the orange. The opportunity cost is the...
orange
Which is NOT an example of a need
A. Water B.Shelter C. Candy D.Food
Food
Candy
Bob went to the fire station to talk to a firefighter. He went there to get a smoke dictator.
What is the service in this situation?
Firefighter
Charles is a farmer. He grows cotton. Is Charles a producer or a consumer?
Producer
What is the best layer of soil for plants?
Topsoil
I can either buy a baseball or a basketball . I choose the baseball. Which one is the economic choice and which one is the opportunity cost.
Opportunity cost: basketball
Economic Choice: baseball
Which is NOT an example of a want
A. Water
B. Laptop
C. Toys D. Pencils
A. Water
Scarcity is being able to meet all wants because resources are unlimited. True or False?
False
Name one river in the North America that we have gone over in class.
Either Mississippi River or Rio Grande River.