Unit 4 Lesson 1: Lesson Review

An area of the production, distribution and trade, as well as consumption of goods and services

• Capitalism

• Economy

• Stock Market

• Business

Consumers would make a small down payment and then pay the rest of the debt in monthly installments

• Credit

• Consumerism

• Installment Buying

• Impulse Buying

The rapid manufacturing of large numbers of identical products

• Mass Production

• Henry Ford

• Consumerism

• Economy

What model car did Henry Ford introduce in 1908?

• Model A

• Model Y

• Model I

• Model T

True or False: Henry Ford paid his workers more to keep them at his factories.

• True

• False

True or False: The Model T is the first car.

• True

• False

A series of stations where steps are taken to construct a product.

• Conveyor Belt

• Ship Yard

• Assembly Line

• Assembly Yard

The idea that mass consumption of goods has a positive effect on the economy.

• Credit

• Consumerism

• Mass Production

• Ford Motors

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

• Credit

• Debit

• Consumerism

• Consumer Culture

Post-war economic growth and recovery led to the formation of a strong _______.

• Consumerism

• Middle Class

• Social Class

• Economy