Activity Lesson 1

As a kid I remember trading Jolly Rancher candies, (which I personally didn’t prefer) for chocolate cupcakes from a friend of mine at school. His mother would always provide a cupcake in his lunch for school. He thought they were okay, and had a seemingly unending supply at home. However, he did not have Jolly Ranchers. I think our exchange was fair because we both were happy to continue the exchange every week. I would always have a supply of Jolly Ranchers on hand, usually three. And whenever he had a cupcake I would trade him my three small candies for his larger chocolate cupcake. I would still make that trade today. :grinning:

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I was a little profession on barter transaction when i was a child, i was exchange my penciles with a rubber or somthing i need when i give a candy or something to my friend he also give me anything i want. And our nation ( Ethiopia ) have a lot of history on barter transaction the main trasaction tools was salt and goat here in Ethiopia histor. I didn’t think it is fair exchange because it may get one of the traders in less likely to the other.

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As a child, one of the earliest barter transactions I remember was trading Yu-Gi-Oh cards.

Now that I am older, I realize my friend’s older brother definitely tricked me out of my rarer - and possibly now valuable cards - by the allure of quantity; i.e. a large number of more generic cards for a small number of rares.

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When i was child i trade pokemons cards with my friends. I think that was a good form of transactions. But when i found some greedy friend and i forgot my launch in schhol it was too dificult to trade with him .

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Traded $5 for a Ken Griffey Junior Rookie Card Upper deck card. It was not a fair exchange. I took that kid to the cleaners.

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As a child I once exchanged a normal stone which I painted in red for a crystal. I guess it was the best barter transaction I made, even if it probably was not fair!

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The only things that comes to my mind is actually something that I still do and many people do this: Clothing swap

Usually it happens among female community. We all gather clothes that we want to donate, sometimes there are brand new items with a tag still on, sometimes gently worn, etc. We get together, put the clothes all together in a pile, then it is a free for all and we grab what ever appeals to us. viola, free clothes…or traded clothes.

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I actually traded an extra bicycle seat for some pedals. Totally worth it

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On halloween after trick or treating all of my siblings and I would sit in a circle and organize each of our piles of candy, then we would trade with each other generally trading 1 candy for 1 candy, tho at the end when left with just candy we didnt like we were willing to trade alot of candy we didnt like for just a few pieces of good candy from someone else. To this day i think it was a fair exchange and almost more fun than trick or treating lol.

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Activity: Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

When I was a child I would mow my grandmother’s lawn and clean her rain gutters once a week during the spring/summer months. She in turn would cook me lunch or dinner for my service. This was a very fair exchange in my opinion because the deliciousness of her meals was worth my hard effort.

I can remember is trading packs of gum for Quarters,Nickels,Dimes and Pennies in school.

as a child we exchange with bubble gum Turbo pictures. everyone wanted to get all cars for their collection. I would say it usually was fair exchange. Just with exchange you got what you didn’t had and gave up multiple positions.

I saw transactions when I was a child, here in Mexico on december we had something called “posadas”, there we praid for candys, and later if you didn’t want some candies (they gave everybody a bag with the same candies for everybody) you switched with somebody else for a candy that you prefered.
Obviously it wasn’t fair, sometimes you got more, sometimes you got less than you gave.

A couple of years ago when I was in middle school, I would trade food with my friends during lunch. It would be one snack for another snack, and everybody thought they got a fair deal. This was because you would trade for something that you normally do not eat, which made it more valuable in a sense. There was not as much of a “superior food” but rather bartering for a food you do not have at home.

Exchange between a friend and I: music tutoring for my business counselling. There was no money in the deal. Only a few months ago: during quarantine. The exchange didn’t work out well. I became very impatient with the slow speed of my progress. Felt like I was giving more value and being more effective with time then him. Both experienced sone results in some weeks at least :confused: recorded my first song and he ended up closing a deal (or being close to). :V

Back many years ago i would trade hockey cards for baseball cards , which worked out well for the both of us… and more recently i did a bunch of plumbing work for a friend. and instead of paying me in cash. I was given a camper . so in both circumstances both parties got something we both wanted.

My earliest memory of bartering was trading lunch deserts at school. I think for the most part both of us were happy with the trade as we both got a more preferable snack than what we had, we could only blame ourselves for making the trade in the first place if it wasn’t, right?

Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?
I recall swapping my car for another persons car - in hindsight i believe i didnt get the value but i really wanted a specific car - if i had done it again i would not have swapped it outright

A barter transaction I’ve made was when I was a child and I exchanged a sandwich for a muffin. At the time it was a fair trade as the other party and I both had demand for the others item. The price of a muffin is relatively close to that of a sandwich as well.

Hi there!
Recently I was selling Galettes in a market and I gave some to the stand around me. For that I recevied some bread from a baker and a truffle from a Muschroom seller.
I think it was a nice transaction, economically, the one with the bread was probably fair, the one with the truffle was to my advantage.

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