Trade, and Specialization and Interdependence

Last updated over 7 years ago

4 questions

Note from the author:

Trade

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!

Tell me about a time that you either traded something or bartered with someone for something you wanted.

Michigan will export cars to other states and countries, because Detroit produces so many cars.

Michigan has to import the following items, because we can't get them in the winter.

What is something that you think Michigan specializes in?

Specialization

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