Economics Practice 6: Barter and Direct Trade Exercise

Economics Practice 6: Barter and Direct Trade

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Economics Practice 6: Barter and Direct Trade

Understand how people trade items directly through bartering without using money.

Questions

  1. MultiChoice

    What is barter?

  2. MultiChoice

    Which of these is an example of bartering?

  3. WordsBox

    Barter means trading ____ without using ____

  4. MultiChoice

    What is a challenge when using barter?

  5. MultiChoice

    What is meant by a coincidence of wants?

  6. MultiChoice

    If Sam has a toy car and wants a book, and Maya has a book and wants a toy car, can they trade?

  7. WordsBox

    In direct trade, people exchange items of ____ value to both ____

  8. MultiChoice

    Before money was invented, how did ancient communities acquire goods?

  9. MultiChoice

    If you offer to walk your neighbor's dog in exchange for homework help, what are you doing?

  10. WordsBox

    Trading can be difficult if people cannot agree on the ____ of their ____

  11. MultiChoice

    Why is money more convenient than barter?

  12. MultiChoice

    Which item would have been good for trading in ancient times?