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Immagration and Economics Flashcards | StudBud
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Immagration and Economics
Immagration and Economics
21 terms
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StudBud Administration
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51 plays
5th grade Fenner
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
___________ is the consumer's desire to buy products or services and its popularity.
goods
supply
business
demand
2
What is the free enterprise based on?
to buy products
to own a business
to earn prizes
to get something free
3
When a bunch of people want something it has a high ________.
Money
Service
Consumer
Demand
4
What did John Deere create?
railroads
a successful business
metal detector
the steel plow
5
High supply + low demand =
less demand
more demand
higher prices
lower prices
6
If the demand is high and the price is low, what will happen?
the price will rise
the price will stay the same
the price will decrease
7
What does supply and demand desire?
to demand someone
to buy supplies
to hire more workers
to buy product services
8
What did George Washington Carver make?
crop rotation
the telephone
steam engine
Ford motor
9
The free enterprise system allows individuals ___
the right to own a store
the right to own a house
the right to own a car
the right to own a business
10
Who invented to assembly line?
Henry Ford
George Washington Carver
Eli Whitney
Thomas Edison
11
Low supply + high demand =
lower price
higher price
low demand
high demand
12
Who is the best known for inventing the telephone?
Henry Ford
Ethan Greer
E Money 24$
Alexander Graham Bell
13
Who invented the light bulb?
James Charles
Joe Mama
Thomas Edison
Alexander Graham Bell
14
This could lead to ______ prices, as consumers buy from businesses that sell cheaper products.
individual
lower
high
competition
15
Who invented the steel plow?
John Deere
George Washington Carver
Eli Whitney
Alexander Graham Bell
16
The level of demand is related to price.
true
false
17
High supply leads to _____
the same demand
low demand
high demand
equal demand
18
Goods were produced much faster and cheaper. This is called_________.
ready made
mass production
19
Who invented the steam engine?
John Deere
Alexander Graham Bell
Eli Whitney
Robert Fulton
20
From ___________ goods to ________ goods.
machine made to handmade
handmade, handmade
handmade goods, machine
21
The level of demand is related to the _______.
buyer
consumer
stock a store has
price
