This Grade 2 Social Studies worksheet teaches opportunity cost using kid-friendly choices. Grade 2 students answer multiple-choice questions about Mia, Leo, Ava, and Sam picking one option over another, then solve fill-in-the-blank items using key terms like cost, choice, and decision. They discover that every choice has a trade-off, which helps them think carefully before making important everyday decisions at home and at school.
Style:
Economic Choices
Part A: Multiple Choice
Circle the best answer for each question.
1. Mia has $2. She can buy a juice OR a pretzel, not both. She picks juice. What did she give up?
A) The pretzel
B) Her $2
C) The juice
D) A sandwich
2. After school Leo can read OR play outside, but only one. He reads. What is his opportunity cost?
A) His homework
B) Playing outside
C) Reading
D) Dinner time
3. Ava has one ticket. She can ride the Ferris wheel OR the carousel. She rides the carousel. What did she give up?
A) The ticket
B) The popcorn
C) Ferris wheel ride
D) Her coat
4. Sam has time for ONE activity: soccer or a puzzle. He picks soccer. What is the opportunity cost?
A) The soccer ball
B) His shoes
C) The field
D) Doing the puzzle
Part B: Fill in the Blank
Write the correct answer on each line.
1. The thing you give up when you choose is called opportunity cost.
2. Every choice has a trade-off because you cannot pick both.
3. If you pick apples over grapes, the grapes are your opportunity cost.
4. When money or time is small, choices become more important.
5. Thinking before you pick helps you make a good decision.
Economic Choices
★ Part A: Multiple Choice
Circle the best answer for each question.
1. Mia has $2. She can buy a juice OR a pretzel, not both. She picks juice. What did she give up?
A) The pretzel
B) Her $2
C) The juice
D) A sandwich
2. After school Leo can read OR play outside, but only one. He reads. What is his opportunity cost?
A) His homework
B) Playing outside
C) Reading
D) Dinner time
3. Ava has one ticket. She can ride the Ferris wheel OR the carousel. She rides the carousel. What did she give up?
A) The ticket
B) The popcorn
C) Ferris wheel ride
D) Her coat
4. Sam has time for ONE activity: soccer or a puzzle. He picks soccer. What is the opportunity cost?
A) The soccer ball
B) His shoes
C) The field
D) Doing the puzzle
★ Part B: Fill in the Blank
Write the correct answer on each line.
1) The thing you give up when you choose is called opportunity cost.
2) Every choice has a trade-off because you cannot pick both.
3) If you pick apples over grapes, the grapes are your opportunity cost.
4) When money or time is small, choices become more important.
5) Thinking before you pick helps you make a good decision.
Ready to Practice?
Complete each section carefully.
9 Questions
12-18 minutes
Auto-graded
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