Barter & Trade
Define Barter.
To exchange goods and services without payment.
What is a renewable resource?
A resource that can be used repeatedly without being depleted.
What is the economy?
The resources or wealth of a country or region.
The responsible use of the land and its resources using sustainable practices and conservation.
What is fair trade?
Fair trade guarantees a minimum price for farmers.
Define Trade.
The transfer of goods and services, often using currency.
What is a non renewable resource?
A resource that cannot be replaced as quickly as it is used. These resources have a limited supply.
What is GDP?
Gross Domestic Product: any good or service that contributes to the economy.
What is sustainability?
The ability to meet our needs without compromising the needs of future generations.
What is a livable wage?
A wage or payment that allows someone to meet their basic needs. (Food, shelter, water, medicine)
What is currency?
A system of money adopted by a country or region.
List three kinds of renewable energy.
Solar • Eolic (wind) • Hydropower • Sea Wave • Geothermal
What is the primary industry?
What are two examples of primary industry?
These industries grow raw materials to use for other products.
Examples: agriculture, farming, fishing, trapping, oil & gas, logging & forestry, mining.
What are the three pillars of sustainability?
Environmental • Economic • Social
What is the standard of living?
The wealth, goods, economic opportunity, and comfort of citizens within a country or region.
What is a producer?
An individual, company, or country that makes, grows, or produces goods or services.
List four different kinds of non-renewable energy.
Oil • Coal • Natural Gas • Nuclear • Metal Ores and Minerals
What is the secondary industry?
What are three examples of secondary industry?
The manufacturing industry that converts the raw materials into products for consumers to buy.
Examples: Oil refineries, constructions, factories that make food, clothing, technology and furniture.
How many prime numbers are their between 1 and 100?
25!
2, 3, 5, 7, 11, 13, 17, 19, 23, 29, 31, 37, 41, 43, 47, 53, 59, 61, 67, 71, 73, 79, 83, 89, 97
What are three characteristics of barter systems?
Goods and services are exchanged, negotiations needed, work with high resources and low funds, power cannot be concentrated, natural resources balanced, multiple exchanges.
What is a consumer?
An individual, company, or country that buys goods or services.
How many hot wheels are in Mrs. Friesen's collection?
22!
What is the tertiary industry?
What are four examples of tertiary industry?
The industries that serve people in the community.
Examples: Schools, medical care, restaurants, groceries, haircuts, lawyers, police, banks, engineers.
What are five examples of sustainable practices?
• Avoid one use items • Recycle • Walk or ride your bike • Buy fair trade products • Practice minimalism • Shut off lights • Eat locally • Buy products with less packaging
What are three characteristics of trade systems?
Currency is used, prices are consistent, less time consuming, currency is durable, financial gain and growth, credit, currency is easily divisible.