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Choices and Costs
Grade 1 - Social Studies - Challenge Me
Worksheet 1
1What choice is being made: use recess time to water plants?
2What benefit comes from choosing to choose one library book?
3What is given up when someone chooses to use blocks for a bridge?
4Which resource is limited in this choice: spend 5 tickets on a pencil?
5Which sentence explains the cost of the choice?
6What choice is being made: choose one library book?
7What benefit comes from choosing to spend 5 tickets on a pencil?
8What is given up when someone chooses to spend 5 tickets on a pencil?
9Which resource is limited in this choice: use recess time to water plants?
10Which sentence explains the cost of the choice?
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 spending classroom tickets, choosing a snack, saving time, or sharing materials. This worksheet asks children to identify a choice, name a cost, choose a benefit, and explain a trade-off. 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. Standard and challenge pages include time, space, or money limits, 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 a cost or trade-off
Connect benefits to decisions
Reason from limited resources
Worked example
If Maya spends 5 tickets on a pencil, she cannot use those same tickets for a sticker. The sticker is the trade-off.
Common mistake
Thinking cost only means money, even when time, space, or materials are limited.
Worksheet 1