Costs & Prices
What are things that are part of the cost of production?
Materials/ labor and business expenses.
Choose two of the ways individuals can change a community.
Starting new businesses and cleaning up parks.
Select two of Benjamin Banneker's significant contributions to society.
Planning Washington, D.C. and writing almanacs.
What community impact did Jones Salk make?
He found a way to make a vaccine for the polio virus. Salk’s vaccine was given to many people. It kept them from getting polio. Today, there are only a few cases of polio in the United States. Salk’s work continues to protect communities today
Why might a business set a high selling price?
To cover high production costs and make a profit.
How do natural disasters affect communities?
They can damage buildings and disrupt daily life.
What skill did L'Enfant, Bannker and Ben Franklin demonstrate in their work?
By making our communites better with creativity and innovation.
What was Louis Pasteur Scientific Breakthrough?
He helped people to understand that germs can travel through the air. He also developed pasteurized milk. When milk is pasteurized, it is heated to kill any germs in it.
What happens to profit if production costs are low and the selling price is high?
Profit increases.
How can you change your community? Tell one or two things you would do to change your community.
Answers may vary (e.g., organizing a clean-up event, starting a community garden).
What are two of Benjamin Franklin’s contributions to society?
Helping write the Declaration of Independence and invented Bifocial Glasses.
Computer Software was not easy for ordinary people which lead to Bill Gates developing what computer program?
Bill Gates and his partner created Microsoft in 1975. Microsoft makes software for computers. This software makes using computers easier, cheaper, and more fun.
What is profit?
Profit is the money left after paying for production costs.
What is one way new people to a community can help it change?
By bringing new foods and traditions.
What did Pierre-Charles L’Enfant design?
Washington, D.C.
Cyrus McCormic developed the Reaper for what reason?
Farmers could harvest their crops more quickly and with less work. They could produce more food for communities using the reaper. These machines were the beginning of the commercial farming industry.
If production costs increase, what might a business do to maintain profit?
They might raise the selling price.
Tell two ways that you can do to change your community?
You can start new businesses or help clean up parks, which makes the area nicer for everyone. When new people move into a community, they bring different foods and traditions, adding to the culture. All these changes help a community grow and evolve over time.
How did Benjamin Banneker contribute to the planning of cities?
He helped plan Washington, D.C. He also wrote almanacs that shared important information.
How did the mechanical reaper impact labor on farms?
It made farming more efficient, reducing the need for labor.