Value of Money
Needs
Wants
Comparing Values of Money
Opportunity Costs
100

What is the value of a set of coins with 1 nickel, 1 dime, and 1 dollar?

$1.15

100
True or false: Shelter to live in is a want. 

False

100

Give an example of a want.

Answers may vary.

100

Which has a higher value: 5 nickels versus a quarter?

They have the same value

100

Define an opportunity cost.

Something you give up to get something else.

200

What is the value of a set of coins with three pennies, 5 nickels, 3 dimes, and 2 dollar bills?

$2.58

200

True or false: Clothing is want.

False

200

Are new clothes a want or a need?

Answers may vary, it depends on how the student argues their answer.

200

Which has a higher value: three nickels, 2 quarters, and a dime or 38 pennies?

Three nickels, 2 quarters, and a dime

200

Give an example of an opportunity cost in the story.

Answers may vary.

300

What is the value of 4 quarters, 10 dimes, 20 nickels, and 100 pennies?

$4.00

300

True or false: Candy is a need.

False

300
Is chewing gum a want or a need?

A want

300

Which has a lower value: a 5 dollar bill or 3 dollar bills, 4 quarters, 10 dimes, and 36 pennies?

5 dollar bill

300

Give an example of an opportunity cost in your life.

Answers may vary.

400

What is the value of 3 dimes, 18 pennies, and 6 nickels?

$0.78

400

True or false: Healthy food to eat is a need.

True

400

Give some of examples of 4 different wants.

Answers may vary.

400

Which has a lower value: $2.36 or 7 quarters, 3 dimes, 4 nickels, and 2 pennies

7 quarters, 3 dimes, 4 nickels, and 2 pennies

400
What is another opportunity cost in the story?

Answers may vary

500

What is the value of 9 pennies, 3 nickels, and 2 quarters?

$0.74

500

True or false: Air, shelter, food, water, and clothing are all needs.

True

500

Compare the difference between a want versus a need.

Answers may vary.

500

Which has a higher value: $3.33 or 20 nickels, 10 quarters, and 5 dimes?

20 nickels, 10 quarters, and 5 dimes

500

How can you use a cost benefit analysis to help you measure opportunity cost?

Answers may vary

Click to zoom