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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
  • Both people must be happy when they make a _____ ?
    Trade
  • 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
  • Which type of exchange uses money? Trade or barter?
    Trade
  • Which type of exchange does NOT use money?
    Barter
  • What is a trade of goods or services WITHOUT using money?
    Barter
  • An exchange of goods or services for MONEY  is called a...
    Trade
  • Trading of goods or services with MONEY.
    Trade
  • A person who makes a good or provides a service is a consumer or producer?
    Producer