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Economic Exchange Vocabulary Review
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Both people must be happy when they make a _____ ?
Trade
Which type of exchange does NOT use money?
Barter
Which type of exchange uses money? Monetary exchange or barter
Monetary exchange
An exchange of goods or services where both people must be happy is called a...
Trade
Someone who buys goods and uses services is a producer or a consumer?
Consumer
What is a trade of goods or services without using money?
Barter
Trading of goods or services with money.
Monetary Exchange
People who specialize in producing only one good or service such as a teacher or hairdresser are called a _____?
Specialist
A person who makes a good or provides a service is a consumer or producer?
Producer
Any kind of work performed for others. An action that can satisfy people’s wants. Good or service?
Service
Something you can use or eat. An object that satisfies a want. Good or service?
Good
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