Grade 2 learners solve simple word problems about economic choices in this worksheet. Four multiple choice questions use dollar amounts like six, ten, and fifteen to show trade-offs, such as buying a snack now or saving for a toy. Five fill-in items build words like choice, save, spend, trade, and cost. This Grade 2 sheet introduces opportunity cost in a very gentle way, showing that every money choice means giving up another option kids may also want.
Style:
Economic Choices
Part A: Multiple Choice
Circle the best answer for each question.
1. You have $10. A snack costs $6 and a toy costs $15. What should you do to save up for the toy?
A) buy the snack and the toy
B) spend all $10 on snacks
C) save your $10 and wait to buy the toy
D) give the $10 away
2. You have $5. If you buy a comic for $5, you cannot buy stickers for $5. The stickers are called the:
A) price tag
B) opportunity cost
C) paycheck
D) tax
3. Mia has $8 and wants a book for $12. What is the best plan?
A) buy the book with $8
B) save $4 more, then buy the book
C) throw the $8 away
D) stop reading forever
4. Sam trades his apple for his friend's orange without using money. This is called:
A) shopping
B) bartering
C) stealing
D) paying
Part B: Fill in the Blank
Write the correct answer on each line.
1. To keep money for later is called to save.
2. To use money to buy something right now is called to spend.
3. When you pick one thing and give up another, you are making a choice.
4. Trading one thing for another without money is called bartering.
5. The thing you give up when you make a choice is the opportunity cost.
Economic Choices
★ Part A: Multiple Choice
Circle the best answer for each question.
1. You have $10. A snack costs $6 and a toy costs $15. What should you do to save up for the toy?
A) buy the snack and the toy
B) spend all $10 on snacks
C) save your $10 and wait to buy the toy
D) give the $10 away
2. You have $5. If you buy a comic for $5, you cannot buy stickers for $5. The stickers are called the:
A) price tag
B) opportunity cost
C) paycheck
D) tax
3. Mia has $8 and wants a book for $12. What is the best plan?
A) buy the book with $8
B) save $4 more, then buy the book
C) throw the $8 away
D) stop reading forever
4. Sam trades his apple for his friend's orange without using money. This is called:
A) shopping
B) bartering
C) stealing
D) paying
★ Part B: Fill in the Blank
Write the correct answer on each line.
1) To keep money for later is called to save.
2) To use money to buy something right now is called to spend.
3) When you pick one thing and give up another, you are making a choice.
4) Trading one thing for another without money is called bartering.
5) The thing you give up when you make a choice is the opportunity cost.
Ready to Practice?
Complete each section carefully.
9 Questions
12-18 minutes
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