Grade 1 · Social Studies · Economics

1st Grade Choices and Costs worksheets

6 printable versionsBuilding ConfidenceAbout 6 minutes eachFree · no account

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Choices and Costs

Grade 1 Social Studies Worksheet - Building Confidence

NameDate

Circle the answer.

1.
Mia can have a kite or a ball, but not both. Mia picks a kite. What does Mia give up?
2.
Leo can have an apple or a cookie, but not both. Leo picks a cookie. What does Leo not get?
- a cookie
- an apple
- neither one
3.
Ana can take a drum or a bell, but not both. Ana picks a bell. What does Ana give up?
4.
Sam can take only one: a balloon or a yo-yo. How many can Sam take home?
- three
- one
- two
5.
Pia can have a banana or a cake, but not both. Pia picks a banana. What does Pia give up?
6.
Raj can wear a hat or boots, but not both. Raj picks a hat. What does Raj not get?
- boots
- both of them
- a hat
7.
Zoe can have milk or cheese, but not both. Zoe picks cheese. What does Zoe give up?
8.
Mia can have a kite or a ball, but not both. Mia picks a ball. What does Mia not get?
- a kite
- neither one
- a ball
9.
Leo can have an apple or a cookie, but not both. Leo picks an apple. What does Leo give up?
10.
Ana can take only one: a drum or a bell. How many can Ana take home?
- four
- one
- two

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

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