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Trade, and Specialization and Interdependence
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by Andy Rienstra
| 4 Questions
Note from the author:
Trade
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Functionalized Placeholder
RARE
There are different levels of scarcity. If something has a really HIGH scarcity, then it is REALLY RARE. On the other hand, if something has a really low level of scarcity, then it is very common.
Free food!
A landscaper I know barters with companies all the time. Right now, he barters his landscaping service with Texas Roadhouse. He trades his service of mowing their grass, watering their grass and plants, and also landscaping their property in exchange for free food at their restaraunt!
1
5 pts
Tell me about a time that you either traded something or bartered with someone for something you wanted.
2
2 pts
Michigan will export cars to other states and countries, because Detroit produces so many cars.
True
False
3
2 pts
Michigan has to import the following items, because we can't get them in the winter.
Christmas trees
Cement
Hamburger
Pineapples
4
5 pts
What is something that you think Michigan specializes in?
Specialization
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