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3 types of resources
Vocabulary
100

Who was the guy that helped change the lightbulb and developed the phonograph? 

Who is Thomas Edison? 

100

Edison worked on what part of the light bulb? 

What is he worked on the filament - thin wire that glows white hot when electricity passes through? 

100

What are objects people create and design? 

What is inventions? 

100

What type of resource is it where people use human made materials like ovens, chairs, and machines to make a good or provide a service for someone? 

What is Capital Goods? 

100

What is it called when the business makes money after expenses? 

What is a profit? 

200

Who was the guy that developed the electric starter for cars to start easier? 

Who is Charles Kettering? 

200

How long did the first motorized airplane stay in the air for? 

What is 12 seconds? 

200

Where did the Wright Brothers first fly their plane? City and Town please. 

What is Kitty Hawk, North Carolina? 

200

What type of resource is it when the employees help make the good or provide the service? It is their job to help make the good or do the service. Example: teacher or firefighter

What is human resource? 

200

What is it called when the businesses loses money after expenses? 

What is the loss? 

300

Who was the guy that developed the traffic signal and the gas mask to help with safety? 

Who is Garrett Morgan? 

300

Why was a lightbulb an improvement to society?

What is factories and businesses were able to be open 24 hours, people were able to play outside later, and people didn't have to use oil lamps as a fire hazard? 

300

Why did the Wright Brothers pick North Carolina to fly their plane? 

What is because of the strong winds? 

300
Name 2 natural resources we get from nature to help a business. 

What is water, trees, land, iron, coal, and wood? 

300

What is the money earned from a job? 

What is the word of income? 

400

Who is the guy that developed the cash register from Dayton, OH? 

Who is James Ritty?

400

True or False Statement

An entrepreneur takes risks and acts like an organizer, manager, and planner. 

What is a true statement? 

400

Give me 3 character traits of an inventor. 

What is hardworking, creative, team player, persistent, and determined? 

400

What type of resource is it called if you have to purchase hammers, screwdrivers, and saws to help run your business? 

What is capital resources? 

400

What is the money paid for the use of someone's else's money? 

What is the interest? 

500

Who is the guy that developed leaded ethyl gasoline to help with the knocking noise in the engine? 

Who is Thomas Midgley? 

500

What is an individual called that organizes all the resources to provide a good or service? 

What is an entrepreneur? 

500

Why do entrepreneurs have to take risks ?

What is an entrepreneur does it in order TO MAKE A PROFIT? 

500

What is it called with ALL the resources used to make a good or provide a service? 

What is productive resources? 

500

What does the word sacrifice mean? 

What is something you give up in order to do something else? 

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