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Unit 6 Summary

Total questions: 13

Worksheet time: 8mins

Name
Class
Date
1.

Match the following vocabulary

a)

Technology

1.

Use of science to solve problems

b)

Innovation

2.

new methods, ideas, or things

c)

Consumer

3.

a person who buys or uses something

d)

Scarcity

4.

a small amount

e)

Demand

5.

How many consumers want an item.

2.

Medical Technology has dramatically increased life expectancy. What does life expectancy mean?

a)

something you do not need to survive

b)

How long people are expected to live to

c)

Something you have to have to survive

3.

The horse and cart is one of the simplest forms of transportation known to man.

a)

True

b)

False

4.

Which invention keeps your food cold?

a)

Cooker

b)

Washing Machine

c)

Fridge

d)

Kettle

5.

What is this?

a)

iPhone

b)

Samsung Galaxy

c)

LG V30

d)

Motorola Edge

6.

What is this?

a)

bicycle

b)

scooted

c)

horse carriage

d)

car

7.

This smart phone, developed in 2007, did away with buttons and allowed users to interact with applications using only their finger as an input device.

a)

iPhone

b)

Nokia

c)

Simon

d)

Samsung

8.

An improvement of an existing technology.

a)

version

b)

innovation

c)

model

d)

prototype

9.

Things that you can buy or sell are called:

a)

Goods

b)

Needs

c)

Services

d)

Wants

10.
The desire or willingness a consumer has to purchase a good or a service is called?
a)
shortage
b)
supply
c)
price
d)
demand
11.
The amount of a good or service that is available to consumers
a)
Supply
b)
Demand
c)
Saver
d)
Spender
12.
Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?
a)
The price will go up.
b)
The price will go down.
13.

When the demand for a product or service is higher than the supply this causes what?

a)

shortage

b)

consumer

c)

surplus

d)

equilibrium