Standard #: SS.4.FL.2.4


This document was generated on CPALMS - www.cpalms.org



Discuss that whenever people buy something, they incur an opportunity cost. Opportunity cost is the value of the next best alternative that is given up when a person makes a choice.


Remarks


Present an example of a buying choice a person made and identify the opportunity cost of that choice.

General Information

Subject Area: Social Studies
Grade: 4
Strand: Financial Literacy (Adopted in 2023)
Date Adopted or Revised: 06/14
Status: State Board Approved

Related Courses

Course Number1111 Course Title222
5021060: Social Studies Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023, 2023 and beyond (current))
7721015: Access Social Studies - Grade 4 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))


Related Access Points

Access Point Number Access Point Title
SS.4.FL.2.AP.4 Recognize a scenario that involves making an economic choice.


Printed On:5/17/2024 3:38:09 PM
Print Page | Close this window