Determining Costs and Benefits

Practice identifying costs and benefits with this middle-grade worksheet! Students will begin by reading a brief introduction to costs and benefits. Then, learners will write the costs and benefits of five different decisions. Lastly, learners will be given the choice between buying a video game or seeing a concert. Students will compare the costs and benefits of each choice and then explain which option is most beneficial to them.

This worksheet will help learners recognize that decisions, whether big or small, often involve trade-offs. This understanding can help learners both inside and outside of the classroom, as students can apply the concept of costs and benefits to financial literacy, time management, and goal setting.

Continue learning about economics with our Opportunity Costs worksheet.