Acquiring
Goods and
Services Using
Barter and
Money
SOL 2.8
Review
What term is used to describe the
exchange of goods and services
without the use of money?
A.
B.
C.
D.
Debt
Saving
Barter
Credit
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Correct!
What term describes coins and paper
bills used in the exchange for goods
and services?
A.
B.
C.
D.
Credit
Money
Debt
Barter
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Correct!
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?
A.
B.
C.
D.
Money
Credit
Coins
Barter
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Correct!
Mike used all of his coins in his piggy
bank to buy a toy. What is this type of
exchange called?
A.
B.
C.
D.
Money
Credit
Coins
Barter
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Correct!
Not being able to meet all wants at the
same time is known as __________.
A.
B.
C.
D.
money
scarcity
barter
credit
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Correct!
What term describes a person who
uses goods and services?
A.
B.
C.
D.
Scarcity
Human Resource
Consumer
Savings
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Correct!!
What term describes a person who
uses resources to make other goods
and or provide services?
A.
B.
C.
D.
Cost
Barter
Scarcity
Producer
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Correct!!
A worker in a factory that builds chairs
is called a _______________.
A.
B.
C.
D.
consumer
producer
banker
farmer
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Correct!!
A person who shops at the clothing
store is called a ____________.
A.
B.
C.
D.
consumer
natural resource
capital resource
producer
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Correct!!
At recess, the class has three
playground balls for 21 students. This
is an example of ___________.
A.
B.
C.
D.
barter
money
scarcity
resource
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Correct!!
When a person visits the dentist for a
check up, the dentist is ____________.
A.
B.
C.
D.
producing a good
providing a service
displaying scarcity
using barter
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Correct!!
The students made popcorn to sell at
the fair. The popcorn is a _________.
A.
B.
C.
D.
service
scarcity
barter
good
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Correct!!
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Acquiring Goods and Services Using Barter and Money