
Opportunity Cost
Presentation
•
Social Studies
•
5th Grade
•
Practice Problem
•
Easy
Nicole Charloff
Used 56+ times
FREE Resource
3 Slides • 4 Questions
1
Opportunity Cost
I can describe opportunity cost and decision-making during World War II.
2
3
Open Ended
How many choices have you made so far today? Thinking of one of those choices, what did you give up when you make your decision?
4
Open Ended
You have a test tomorrow in Biology, a paper due tomorrow in Government, and a quiz in math. You have two hours to spend total on studying tonight.
How would you divide your time?
What is your opportunity cost?
5
Open Ended
Joe wants to buy new sneakers. He has $100 to spend. Here are some sample prices:
Jordans $100
Sperrys $15
Converse $60
Adidas $85
Which shoes should he buy?
What is your opportunity cost?
6
Multiple Choice
Use this quote to answer the following question.
“I love eating cereal with milk for breakfast, but factories aren't producing cereal anymore because of the war. Now, I can only eat toast for breakfast.”
—Susie Smith, 9 year old Georgia resident
Which of the following economic concepts BEST describes Susie’s current situation?
trade
price incentive
specialization
opportunity cost
7
Opportunity Cost
I can describe opportunity cost and decision-making during World War II.
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