Scarcity and Economic Choices

Grade 5 Social Studies Worksheet

Read each one. Circle whether it is a need, a want or an opportunity cost.

1. 1.

   Movie tickets on Friday.

   • need
   • want
   • opportunity cost
2. 2.

   Shoes that fit.

   • need
   • want
   • opportunity cost
3. 3.

   The hour of play you give up to study.

   • need
   • want
   • opportunity cost
4. 4.

   A visit to the doctor.

   • need
   • want
   • opportunity cost
5. 5.

   The movie you skip to go to a friend's party.

   • need
   • want
   • opportunity cost
6. 6.

   The pizza you pass up to buy a salad.

   • need
   • want
   • opportunity cost
7. 7.

   The band class you drop to take art.

   • need
   • want
   • opportunity cost
8. 8.

   Clothes to wear to school.

   • need
   • want
   • opportunity cost
9. 9.

   A fifth pair of sneakers.

   • need
   • want
   • opportunity cost
10. 10.

    A toy robot.

    • need
    • want
    • opportunity cost