1. Lesson 2: Why does every decision have
an opportunity cost?

2. 2. go to the movies with a friend
3. play video games at home
4. play a sport with your friends
5. read a book in a favorite place
6. practice an instrument
7. watch TV with your family

3. 2. go to the movies with a friend
3. play video games at home
4. play a sport with your friends
5. read a book in a favorite place
6. practice an instrument
7. watch TV with your family

4. A trade-off is a decision that results in
giving up one thing to get something else.
 Youhad a limited amount of time and
several options. You made a trade-off with
your time based on your preference about
the choices given.

5.  Opportunity cost is the next best
alternative a person gives up in making a
decision.
 Opportunity cost is the cost we pay when we
give up something to get something else.
 There can be many alternatives that we give
up to get something else.

6.  You make a choice and must give up other
options every time you make a decision.
 You make a trade-off and decide what is
more important to do or choose.
 The second option you choose not to do is
the opportunity cost.

7. 1. You and your partner will receive a
scenario about a student.
2. Based on the information, list the options
this person has. Identify the best choice for
him/her.
3. Decide what opportunity costs the person
has when s/he follows one of your options
for them.

8. Your pair will present to another pair your
scenario and share what the trade-offs and
opportunity cost(s) were for your person.