Teachers, you can now register your students for TWO NATIONAL COMPETITIONS this spring—our National Personal Finance Challenge (financial stability/mobility) and our National Economics Challenge (micro/macroeconomics).

Grade 3-5, 6-8, 9-12
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Video

Opportunity Cost Video and Quiz

Time: 20 mins,
Updated: January 14 2019,
Author: , Council for Economic Education
Teacher Version
Student Version
Objective Standards Summary
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Objective

Students will understand the concept of opportunity cost.

Standards

State Standards

Concepts

Choice, Decision Making/Cost-Benefit Analysis, Opportunity Cost
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This video teaches the concept of opportunity cost. Opportunity cost is what you must give up to obtain something else, the second-best alternative. Play the Kahoot! game to test your skills! This multi-player quiz game reviews the concepts discussed in the video.

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