Trading for Goods and Services

__________ means to buy, sell, or exchange goods or services with someone else.

• goods

• trade

• purchase

_________________ is to trade goods or services without using money.

• barter

• buy

• sell

Producers think about _______________, or how many consumers want a good before deciding what to sell.

• services

• money

• demand

Supply and demand help producers decide how much they can charge for their ___________.

• trade

• product

People in one state can trade goods with people in other states.

• true

• false

Trade helps us get what we need.

• true

• false

People in the United States can NOT trade with other countries.

• true

• false

You give your friend a pencil and they give you an eraser.

• trade

• barter

You go to the grocery store and buy groceries. You're giving the store money and in return you get your groceries.

• trade

• barter

An iPad

• good

• service