Unit 5 Topic 1 Vocabulary

Industrialization means...

• Create an industry

• the change from an agricultural economy to manufacturing

• to make something on a large scale using machinery

Manufacture means...

• the change from an agricultural economy to manufacturing

• to make something on a large scale using machinery 

• how much of something is available

Supply means...

• how much of something is available

• how much of something people want

•  to make something on a large scale using machinery

Demand means...

• the change from an agricultural economy to manufacturing

• how much of something is available

• how much of something people want

Why are crayons made using an assembly line?

• It makes the crayons more colorful.
• More crayons can be made faster.  
• They make better crayons

Assembly lines are used to mass-produce goods. What is mass production?

• The production of high-quality goods
• The production of cheap goods
• The production of a small number of goods
• The production of a large number of goods. 

TWO effects of an assembly line are...

• Jobs became more abundant.

• People started losing jobs.

• The price of goods increased.

• The price of goods became more affordable.

Two effects of the spinning wheel were...

• The number of jobs decreased.

• The number of jobs increased.

• The cost of cloth and clothing increased.

• The cost of cloth and clothing decreased.

Mr Tonkli goes to the ticket booth to buy tickets for a Cavs game. Mr. Tonkli is told that the game is sold out and no tickets are available. Which best explains why there are no basketball tickets available? 

• The arena forgot to print enough tickets.
• The supply of tickets was greater than the demand.
• The arena charged too much money for each ticket.
• The demand for tickets was greater than the supply.

Read the following situation to determine what the outcome would be:

A new type of television set uses 3-D images. many stores will have large quantities of the older style televisions. What will happen to the price of these older televisions? 

• The price will remain the same.
• The price will rise.
• The price will fall.