lesson
What Is a Trade-Off?
Explain that choosing one option means giving up alternative possibilities.
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Understanding Trade-Offs and Opportunity Cost
4th Grade · Social-studies · US-WI-SS
7 lessons
Goal
Understand how to evaluate everyday choices by identifying trade-offs, calculating personal opportunity costs, and building cost-benefit decision grids.
7 lessons
0 of 7 done
- What Is a Trade-Off?You are here
- 2Defining Opportunity Cost: The Next Best ChoicePremiumUp next
- 3Calculating Opportunity Cost in After-School ActivitiesNot started yet
- 4Why Opportunity Costs Differ Between PeopleNot started yet
- 5Identifying Monetary and Non-Monetary CostsNot started yet
- 6Identifying Immediate and Long-Term BenefitsNot started yet
- 7Creating a Cost-Benefit Decision GridNot started yet
Learning standards covered
SS.Econ1Wisconsin Social Studies Standards · 4th GradeWisconsin students use economic reasoning to understand issues.
Econ1.aWisconsin Social Studies Standards · 4th GradeChoices and decision making
SS.Econ1.a.3Wisconsin Social Studies Standards · 4th GradeUse economic reasoning to compare and contrast the costs and benefits of a decision. Categorize different limited resources (e.g., money, materials, time, labor or workers, land, natural resources, renewable or non-renewable).