This arrangement is an example of bartering. In a traditional economy, bartering involves exchanging services or goods directly without using money, which is exactly what Kayla and the other parents are doing by taking turns driving the kids.
Kayla is part of a group of parents that have a carpool arrangement to get their kids to and from debate team practices and matches. Kayla picks up all of the kids and takes them home one week in exchange for another parent doing it the following week. This is an example of what kind of arrangement that is an element of a traditional economy?
(1 point)
Responses
scarcity
scarcity
bartering
bartering
elastic
elastic
laboring
1 answer