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