Grade 1 · Social Studies · Economics

1st Grade Choices and Costs worksheets

6 printable versionsOn LevelAbout 8 minutes eachFree · no account

When it’s done, scan the sheet with your phone and PencilGo marks it and picks the next one. Create a free account

★

Tired of searching for worksheets?

We’ll email one free Grade 1 worksheet every school day. Your child does it on paper. No account needed.

Version

Choices and Costs

Grade 1 Social Studies Worksheet

NameDate

Circle the answer.

1.
Sam can take a balloon or a yo-yo, but not both. Sam picks a yo-yo. What does Sam give up?
2.
Sam picks building with blocks, not drawing with crayons. What does Sam give up?
- art class
- snack time
- drawing with crayons
- building with blocks
3.
Zoe can have milk or cheese, but not both. Zoe picks milk. What does Zoe not get?
- both of them
- cheese
- milk
- neither one
4.
Raj can wear a hat or boots, but not both. Raj picks boots. What does Raj give up?
5.
Omar saves for a cake and skips a cookie. What does Omar give up today?
- a cookie
- next week
- a cake
- all the coins
6.
Kim picks flying a kite, not bouncing a ball. What does Kim give up?
- bouncing a ball
- lunch
- flying a kite
- recess
7.
Pia can have a banana or a cake, but not both. Pia picks a cake. What does Pia give up?
8.
Kim can use crayons or blocks, but not both. Kim picks crayons. What does Kim not get?
- both of them
- neither one
- blocks
- crayons
9.
Ruby saves for a kite and skips a balloon. What does Ruby give up today?
- the shop
- a kite
- the sale
- a balloon
10.
Ana can take a drum or a bell, but not both. Ana picks a drum. What does Ana give up?

1st Grade Choices and Costs worksheet 1 – printable PDF — Download PDF: 1 2 3 4 5 6

About this worksheet

Economic choices begin with a simple truth: people cannot always have every option at the same time. First graders can understand this through familiar situations such as picking one toy, choosing a snack, using short recess time, or saving for something bigger. This worksheet shows two things side by side and asks children what the child in the story gives up. The goal is not adult financial vocabulary.

It is the early reasoning behind D2. Eco. 3. K-2: people make choices because resources are limited, and every choice may mean giving up another option. Support pages use clear either-or decisions with pictures. Standard and challenge pages include time limits and saving for later, but the scenarios remain concrete. Ask children to say, 'If I choose this, I give up that,' before marking the answer.

What your child will learn

Identify an economic choice
Name what is given up
Connect benefits to decisions
Reason from limited time and things

C3 Framework standard: D2.Eco.3.K-2

Worked example

Mia can pick a kite or a ball. If she picks the kite, she gives up the ball.

Common mistake

Naming the thing that was chosen instead of the thing that was given up.

Helpful hint

Ask what is gained and what must be given up.

Next skill: Goods and Services Earlier: Needs and Wants

Questions parents ask

What is the most common mistake with choices and costs?

Naming the thing that was chosen instead of the thing that was given up.

How can I help my child with choices and costs?

Ask what is gained and what must be given up.

Are these 1st grade social studies worksheets free to print?

Yes. All 6 printable versions on this page are free to download and print, with no account needed.

More 1st grade economics

See all economics

Every sheet you scan goes into your child’s record: dated, marked and ready for the year-end portfolio. Homeschool records