Which of the Following Is an Example of Barter

question 2

Multiple Choice

Which of the following is an example of barter?

• A)A parent gives a teenager a $10 bill in exchange for her babysitting services.
• B)A homeowner gives an exterminator a check for $50 in exchange for extermination services.
• C)A barber gives a plumber a haircut in exchange for the plumber fixing the barber's leaky faucet.
• D)All of the above are examples of barter.

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Definitions:

Price Ceiling

A legally established maximum price for a good or service, aimed at preventing prices from rising too high.

Crude Oil

A natural petroleum product that's extracted from the earth, unrefined, and used as a primary feedstock for fuel and various chemical productions.

OPEC

The Organization of the Petroleum Exporting Countries, an intergovernmental organization aimed at coordinating and unifying petroleum policies among its member countries.

Bottled Water

Bottled water is drinking water packaged in plastic or glass bottles, and it may or may not be carbonated.