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.

Grade 1 Choices and Costs Worksheet

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.

Helpful hint

Ask what is gained and what must be given up.

Needs and Wants Goods and Services

Questions parents ask

What is the most common mistake with choices and costs?: Thinking cost only means money, even when time, space, or materials are limited.
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.