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Yard Sale
Activity 5: To Spend or Not To Spend?
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Directions: |
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Read each story below and decide whether to spend your money. Then answer the questions on the lines after each story. Be sure to write your answers in complete sentences, such as "I decided to buy the apple because I love apples. My opportunity is the snack I won't be able to buy next week." |
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1. You received $10 from your grandmother for getting a good report card. You could spend your money to buy a game you saw at the store, but you also want to go horseback riding next week. The price of the game is $10, and so is the price of horseback riding. What will you choose to do? What is your opportunity cost? |
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2. You cleaned your uncle's attic and garage, and he paid you $25. You could choose to spend the money to buy a computer game, or you could put it in your drawer for later. Which will you choose? What is your opportunity cost? |
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