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