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.
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: