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Barter, trade & basic economics 2022 Flashcards | StudBud
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Barter, trade & basic economics 2022
Barter, trade & basic economics 2022
25 terms
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trade, barter, basic economics terms
Flashcards
25 cards
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Questions
25
Answers
1
You have paid workers in your business...you're an.....
government provider
employee
exploiter of workers
employer
2
Used to make
things
....
consumer service
producer good
producer designer
consumer good
3
What are the things you need to survive called?
Choices
Basic Needs
Goods
Wants
4
What does trade mean?
To buy or sell a good or service
To have no money
To give someone something
Doing a job for someone
5
Is there a way you can get something you want without money?
No
Yes
6
A reason why money is better that bartering for trade...
all of 'em
it has a set value
it's more portable
it's diviisable
7
Bartering...
all of them
came after the development of money
is a recent development
is the original method of trading
8
Do you need money to barter?
Yes
No
9
Bringing goods and services into Australia from overseas is....
manufacturing
all of them
exporting
importing
10
Essential to one's survival
food
water
air
all of 'em
11
The study of the system that provides goods & services...
the trading system
econotrading
economics
the economy
12
A word that comes from the Ancient Greek words for
house
and
good management....
resources
capital
money
economics
13
An architect designing a house, an example of a
producer good
producer service
consumer service
consumer good
14
A problem with bartering is...
not liking the other person
not having any thing to swap
being too generous
not having something that the other person wants
15
The technical term for two people having what the other has to trade...
me want it!
you want....me want
double coincidence of wants
coincidence of thoughts
16
It is usually considered that these are unlimited....
snowflakes
wants
needs
food supplies
17
You can trade with people around the world. True or false?
False
True
18
The system that provides people with goods & services....
manufacturing systems
the government
the economy
the universal system of creation
19
You work for someone for money....
manager
employee
employer
all of them
20
School kids...
are consumers
aren't consumers
are consumers if they earn money and buy things
their parents are consumers, they pay for goods & services!
21
What does barter mean?
To exchange something with no money
To use something
To work for someone
To pay for something
22
What is one Basic Need
Books
Food
Car
Video Games
23
AN INDIVIDUAL OR ORGANISATION THAT MAKES GOODS OR PROVIDES SERVICES...
producer
administrator
consumer
fixer
24
Very important function of money...
medium of exchange
medium of transition
medium of swapping
medium of money
25
A
free
good...
land
clothes
food
air
