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Economics and Ohio Inventors Flashcards | StudBud
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Economics and Ohio Inventors
The people who create a good or service.
Invented the cash register.
Economics and Ohio Inventors
20 terms
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Economics and Ohio Inventors
Flashcards
20 cards
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Questions
20
Answers
1
Invented the cash register.
Wilbur and Orville Wright
James Ritty
Thomas Midgley Jr.
Garret A. Morgan
2
The people who create a good or service.
Supply
Demand
Consumers
Producers
3
Invented the traffic signal and a gas mask for firefighters.
James Ritty
Garret A. Morgan
Thomas Midgley Jr.
Wilbur and Orville Wright
4
When the supply is high and the demand is low, the price will be ________.
Average
High
Low
5
Anything that comes from the earth and is used to make a good or service.
Natural Resources
Human Resources
Capital Goods
Entrepreneurship
6
Invented the electronic cash register, ignition system, and incubator.
Garret A. Morgan
Charles Kettering
James Ritty
Wilbur and Orville Wright
7
The term for how much of a good or service is made.
Producer
Supply
Demand
Consumer
8
Diamonds are an example of...
Human Resources
Natural Resources
Entrepreneurship
Capital Goods
9
The people who buy a good or service.
Producers
Consumers
Supply
Demand
10
He invented the phonograph, light bulb, and electric generator.
Garret A. Morgan
Charles Kettering
Thomas Edison
Thomas Midgley Jr.
11
Invented lead gas which made cars quieter.
Charles Kettering
Wilbur and Orville Wright
Garret A. Morgan
Thomas Midgley Jr.
12
Construction workers are an example of...
Human Resources
Natural Resources
Entrepreneurship
Capital Goods
13
The factor of production that is machines that are used to create a good or service.
Human Resources
Entrepreneurship
Natural Resources
Capital Goods
14
Invented the airplane.
Thomas Midgley Jr.
Wilbur and Orville Wright
Garret A. Morgan
James Ritty
15
The person or group who risk their own money and organize all 4 FoP to make a good or service.
Human Resources
Capital Goods
Entrepreneurship
Natural Resources
16
Ovens are an example of...
Human Resources
Capital Goods
Entrepreneurship
Natural Resources
17
The factor of production that is the people who work to create a good or service (workers).
Human Resources
Natural Resources
Capital Goods
Entrepreneurship
18
Bill Gates is an example of...
Natural Resources
Capital Goods
Human Resources
Entrepreneurship
19
The term for how much a good or service is wanted by consumers.
Demand
Consumer
Supply
Producer
20
When the demand is high and the supply is low, the price will be ________.
Average
High
Low
