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QR Challenge: Turn of the Century Vocabulary

QuestionAnswer
Inventor of the telephoneAlexander Graham Bell
Inventor of the electric light bulbThomas Edison
Inventor of the airplaneWright Brothers
Had a monopoly on the oil industryJohn Rockefeller
Had a monopoly on the steel industryAndrew Carnegie
Had a monopoly on the railroad industryJP Morgan
Used the assembly line to mass produce automobilesHenry Ford
Taught black farmers how to raise better cropsGeorge Washington Carver
Person who starts a business hoping to make a profitentrepreneur
To have complete control of an industrymonopoly
Method of production in which a product rolls past the workers and each does a specialized jobassembly line
Time in history in which new inventions led to new industriesIndustrial Revolution
Good that one country buys from anotherimport
People who workhuman resources
Person who buys and uses good and servicesconsumer
Money, tools and machines used to produce goodscapital resources
Economic system in which people are free to start their own businesses and own propertyfree enterprise
To do one job wellspecialization
Resources found in naturenatural resources
Value of what must be given upopportunity cost
People who make goodsproducers
When a product is easy to getsurplus
Amount of product available to buysupply
Good that one country sells to anotherexport
Things people do for othersservices
Amount of product that people are willing to buydemand
Total amount of things a group of people can makeproductive capacity
Items people make and usegoods
Person who buys goods or servicesconsumer

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