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SS Final '09-'10 II

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
producer   someone who makes and sells a product  
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assembly line   each worker adds one kind of part as it passes on a moving belt  
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industry   is all the companies that make the same product or provide the same service  
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capitol   money used to start or improve a business  
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human resource   the workers  
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raw material   natural resources needed to make something  
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capitol resource   money to run a business  
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product map   a map that uses symbols to show where products come from  
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agriculture   raising of crops and farm animals for sale  
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technology   the use of new inventions in everyday life  
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advertisement   information that a business provides about its goods and services  
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patent   a government paper saying that only the inventor has the right to make or sell his own invention  
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innovation   new ideas and products  
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specialize   is to do just one kind of work or sell just one kind of product  
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overhead   the money it takes to run a business, it includes rent, electricity, heating  
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wage   the money a worker is paid for the work he or she does  
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profit   amount of money that is left over after all the costs of running a business have been paid  
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marketing   the job of getting customers to want a product  
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competition   the effort o get more customers  
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free enterprise   the freedom to start businesses and run them to make a profit. They can make or sell any product or service that is allowed by law  
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consumer   a person who buys a product or service  
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demand   the wants and need of the consumers  
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supply   the goods and services offered by businesses  
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scarcity   there is very little supply  
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trade   the exchange of one thing for another  
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barter   to trade goods and services for something other than money  
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international trade   trade between countries  
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communication link   kind of technology that lets people who are far apart share information instantly  
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imports   bring in to sell, products and resources from other countries  
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exports   sends to other countries to sell, many products and resources  
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interdependence   the dependence on one another for products and resources  
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latitude   lines run east and west around the globe  
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longitude   also called meridians , run north and south from pole to pole  
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chassis   the frame of a car  
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alloy   a mixture of metals  
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vanadium   a gray metal used to make steel  
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homely   simple and plain  
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catering   giving people what they want  
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production efficiency   to make more products in less time  
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conveyor belt   a belt that carries items from worker to worker  
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What kind of resources did Henry Ford use?   he used metals, assembly line, conveyor belts  
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What is a daguerreotype?   a picture  
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What was the Silk Road?   It was an ancient trade route that linked countries in Europe, Asia and southeast Asia. European merchants and travelers carried ideas as well as goods to and from China  
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