Worked example
Ari can choose a book or a puzzle and prefers those options in that order. Ari chooses the book. What is given up?
Answer & why
Answer: the puzzle
The puzzle is the next-best available alternative.
Grade 4 · Social studies
Identify an opportunity cost
Identify the next-best option given up when a choice is made.
8 authored questions + worked example
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All questions
All 8 authored questions for this skill.
Question 1
A group can print posters or cards with its remaining paper. It chooses posters. What is forgone?
- the museum visit
- the game
- cards
- the puzzle
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: cards
Cards are the alternative paper use not selected.
Question 2
Sam can visit a museum or a garden this afternoon. Sam chooses the garden. What is forgone?
- the museum visit
- the puzzle
- drawing
- the game
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: the museum visit
The museum visit is the other available option.
Question 3
Ari can choose a book or a puzzle and prefers those options in that order. Ari chooses the book. What is given up?
- drawing
- the game
- the puzzle
- paint
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: the puzzle
The puzzle is the next-best available alternative.
Question 4
A class has time for a walk or a game, with no time for both. It chooses the walk. What is forgone?
- reading
- the game
- paint
- drawing
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: the game
Choosing the walk means giving up the game in the stated choice.
Question 5
Mia can spend a token on drawing or music. She chooses music. What is forgone?
- reading
- paint
- the rehearsal
- drawing
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: drawing
Drawing is the available alternative not chosen.
Question 6
A team can buy seeds or paint with its budget. It chooses seeds. What is forgone?
- the rehearsal
- paint
- reading
- cards
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: paint
Paint is the stated alternative given up.
Question 7
Jo can use an hour for swimming or reading. Jo chooses swimming. What is forgone?
- reading
- cards
- the rehearsal
- the museum visit
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: reading
The limited hour cannot be used for the alternative reading activity.
Question 8
A room can host a club or a rehearsal at one time. It hosts the club. What is forgone?
- the puzzle
- the museum visit
- cards
- the rehearsal
A hint
Opportunity cost is the best alternative forgone, not every possible alternative.
Answer & why
Answer: the rehearsal
The rehearsal is the alternative use given up.