Question

3 multiple choice 4 points a long time ago, there were native american tribes that agreed to accept seashells in exchange for goods and services - 40 seashells for a canoe, 5 seashells for an arrow. how did these native american tribes use seashells? as money as toys as jewelry as gifts 4 multiple choice 4 points manufacturers > wholesalers > retailers the flow chart above represents the production and distribution of goods in an economic system. which term should be placed in the blank box to complete the chart? producers investors consumers entrepreneurs

Explanation:

For question 3:

• Money is a medium of exchange. Since the Native American tribes used seashells to exchange for goods (canoe, arrow), seashells functioned as money. Toys are for play, jewelry is for adornment, and gifts are given without immediate exchange - these do not fit the exchange - for - goods context.

For question 4:

• In the production and distribution chain, manufacturers make goods, wholesalers buy in bulk, retailers sell to the final users. Consumers are the end - users who purchase goods from retailers. Producers are more of a general term (manufacturers can be considered producers), investors provide capital, and entrepreneurs start businesses - none of these fit the final step in the distribution chain as well as consumers.

Answer:

1. As money
2. Consumers