Acquiring Goods and Services Using Barter and Money

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Peggy and Bev want to go ice-skating. If they clean out the garage, their mother will accept their chores as payment for the ice-skating. What is this type of exchange called? Money Credit Coins Barter

What term describes coins and paper bills used in the exchange for goods and services? Credit Money Debt Barter

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Mike used all of his coins in his piggy bank to buy a toy. What is this type of exchange called? Money Credit Coins Barter

Not being able to meet all wants at the same time is known as __________. money scarcity barter credit

What term describes a person who uses goods and services? Scarcity Human Resource Consumer Savings

What term describes a person who uses resources to make other goods and or provide services? Cost Barter Scarcity Producer

A worker in a factory that builds chairs is called a _______________. consumer producer banker farmer

A person who shops at the clothing store is called a ____________. consumer natural resource capital resource producer

At recess, the class has three playground balls for 21 students. This is an example of ___________. barter money scarcity resource

When a person visits the dentist for a check up, the dentist is ____________. producing a good providing a service displaying scarcity using barter

The students made popcorn to sell at the fair. The popcorn is a _________. service scarcity barter good