Economy Reivew for test

To give money to a bank is:

• scarcity

• currency

• deposit

• barter

Trading without using money is called:

• specialization

• barter

• resource

A country's system of money is called:

• opportunity cost

• barter

• currency

• deposit

the thing you give up when you buy something else is called:

• opportunity cost

• resource

• interdependence

making one kind of good or service

• resource

• barter

• specialization

which list shows needs:

• water, candy, tv

• water, sweater, apple

• nail polish, water, nintendo

When you go to the store and buy a bag of Skittles you are a:

• human resource

• consumer

• producer

What is bartering?

• trade without money

• giving money to someone

• writing a check to someone

What is an example of bartering

• going to the store and buying food

• Time gave Rita a shirt and in exchange Rita gave him a jacket

• Mary gave Kylie a birthday present

Which is NOT a service?

• haircut

• dance lessons

• car wash

• pack of gum