Opportunity Cost Worksheet Download
Free social studies worksheets on opportunity cost. Students read how scarcity forces choices and identify the next best thing given up.
Sheet Information >
Opportunity Cost
Each worksheet has a short passage about scarcity and opportunity cost followed by 6 questions about choices people and towns make.
About this worksheet
Each worksheet has a short passage about scarcity and opportunity cost followed by 6 questions about choices people and towns make.
Student objectives
- Explain that scarcity means resources are limited
- Define opportunity cost as the next best choice given up
- Identify the opportunity cost of a choice
Everyday practice
- Name the opportunity cost of how you spent your last free afternoon
- Before buying something, say what else the money could buy
- Talk about a choice your school or town made and what it gave up