This arrangement is an example of bartering. In this case, Kayla is providing a service (transportation) in exchange for another parent doing the same service the following week, which is a typical feature of bartering systems in traditional economies.
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
1 answer