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Barter Quiz

Authored by Davine Fowlin-Young

Social Studies

10th - 11th Grade

Used 66+ times

Barter Quiz
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When Trinidad exchanges its oil for cement from Jamaica, the form of trade is best described as

regional trade

barter

transaction

international trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double coincidence of wants is an issue associated with the system of

barter

sale

transfer

donations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of of the barter system

I The rate of exchange

II Storage of wealth

III Acquisition of goods

I and II only

III only

I and III only

I, II and III

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of Barter is

you can use money

more goods can be acquired

it is flexible in trading goods or services

it is a quick process of trade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following person is a producer of goods

Hairdresser

Manufacturer

Surveyor

Garbage collector

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Subsistence economy involves

paying for goods of only high quality

Accumulating wealth

Producing goods and service only for survival

investing for future goals

7.

OPEN ENDED QUESTION

2 mins • Ungraded

Why was barter necessary in early societies?

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