Making Choices and Opportunity Cost Worksheet
Learn about scarcity, choices and opportunity cost in this printable Grade 6 economics worksheet.
Grade 6 · Social Studies worksheet
Name
Date
Social Studies
Making Choices and Opportunity Cost
We cannot have everything, so we make choices. What we give up is the opportunity cost. Answer each question.
- 1.Because we cannot have everything we want, we must:
- 2.Having limited money and resources but unlimited wants is called:
- 3.The thing you give up when you choose one option over another is called the:
- 4.You spend your $10 on a book instead of a movie ticket. What is the opportunity cost?
- 5.You use Saturday to play sport instead of gaming. What is the opportunity cost?
- 6.True or false: every choice has an opportunity cost.
- 7.A shop can stock only one item. It chooses drinks over snacks. The opportunity cost is:
- a) The snacks it did not stock
- b) The money from drinks
- c) The shop rent
- d) The shelf space
- 8.What is one question that helps you make a good choice with your money?
- 9.Why do people have to make choices about money?
- 10.Give an example of an opportunity cost in your own life.
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