STARTER 1.Rule by the people 2.Rule by Parliament and a Prime Minister, with a king/queen as a symbolic figure 3.Rule by a small group 4.Rule by any 1.

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STARTER 1.Rule by the people 2.Rule by Parliament and a Prime Minister, with a king/queen as a symbolic figure 3.Rule by a small group 4.Rule by any 1 individual 5.Rule by force…usually associated with a totalitarian regime 6.Rule were a king/queen inherits power 7.Elected officials make decisions for the people they represent A.Monarchy B.Constitutional Monarchy C.Democracy D.Oligarchy E.Autocracy F.Dictatorship G.Representative Democracy

Barter Economy Day!!!!

Answer the Following: 1.Your task was to barter and end up with something more valuable to YOU than when you walked in. Were you successful? Why or why not? 2.Describe what life might be like if there were no such thing as money. Would it be more difficult or easier to get the things you need? 3.How would our bartering experiment have gone different if instead of whatever item you brought in to trade, I gave you a $5.00 dollar bill? How would that have changed how people viewed you as a potential trading partner? 4.We all pay to get goods and services. You offered a good to trade. What if I had allowed you to offer a service? Would that have made bartering simpler or harder? 5.Why do you suppose money has basically replaced bartering in modern society?

What Make Bartering Difficult? Presence of double coincidence of wants Absence of common measure of value Indivisibility of certain goods Difficulty in storing wealth

Making Life Easier: MONEY!!!!