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 (a)   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.