Kayla is a 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?

Question

Kayla is a 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?
a. scarcity
b. bartering
c. elastic
d. laboring

GPT-4o mini · Answer

The arrangement described in your scenario is an example of **b. bartering**. Bartering involves exchanging goods or services without the use of money, which is what Kayla and the other parents are doing by swapping rides for their children.