Hawaiian Studies - Economics

When people barter or trade

• Both parties benefit

• One party benefits while the other one loses

• Both parties lose

Bartering is most likely taking place when

• we see money being used

• we see goods being exchanged for goods

A trade-off means

• giving up one benefit to gain another

• gambling on a winner

• relying on others to make choices for you

• trading fish for poi

Why were ahupua'a divided from the mountain to the sea?

• Hawaiians needed resources from the mountains, the plains, and the sea.

• Hawaiians walked from the mountain to the sea each day.

• That way, each family could live in an 'ili.

• Most Hawaiians lived at the sea.

In order to get all the supplies they needed for their daily life, Hawaiians ________ to get what they needed.

Why did Hawaiians specialize, or become skilled at one specific task?

• It was kapu to do more than one job.

• The konohiki helped groups specialize.

• One person couldn't make and grow everything, so they bartered to get what they needed.

• Hawaiians were not allowed to leave their 'ili.

People who specialize in the production of a limited number of goods or services

• are self-sufficient and do not need to trade with others.

• are interdependent on others and must trade or barter to get all the goods and services they need.

Someone who specializes will

• produce more than they need so they can trade with others to get another good or service

• keep all the goods and services they produce

What are the benefits of the bartering system?

What made bartering difficult? Choose ALL correct.

• There were not enough high-quality goods and services.

• The konohiki made it difficult to barter.

• It could be difficult to find someone to barter with.

• It could take a long time to find someone to barter with.