SS.1.E.1.2

Define opportunity costs as giving up one thing for another.

Clarifications

Examples are giving up television to do homework and buying candy versus saving for later purchase.
General Information
Subject Area: Social Studies
Grade: 1
Strand: Economics
Date Adopted or Revised: 02/14
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
5021030: Social Studies Grade 1 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023 (current), 2023 and beyond)
7721012: Access Social Studies - Grade 1 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 and beyond)

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.1.E.1.In.b: Recognize an example of opportunity costs, such as giving up watching television to play with a friend.
SS.1.E.1.Su.b: Recognize a situation that involves making a choice, such as watching a video or playing a game.
SS.1.E.1.Pa.b: Recognize an item that can be traded for something else in the classroom.

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