Grade K-2, 3-5
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Activity

Toy Choices Game

Time: 15 mins,
Updated: September 13 2021,

Objective

Students will be able to:

  • Identify their opportunity cost when making a choice.

In this economics activity, students will make a choice and identify the opportunity cost.

Procedure

This individual activity requires students  to make a choice and identify their opportunity cost. People make choices every day because they cannot have everything they want. When they make a choice, they give up something else they would like to have. Their second best choice is called an opportunity cost. To complete this activity, students should follow the instructions below:

  1. Choose which format you would like to answer the questions: the Quizizz activityToy Choices Game Worksheet, or the ReadyAssessments Activity.
  2. Choose one toy out of the two options given then, discuss with the class or write one paragraph explaining why you made this choice.