This bingo card has a free space and 24 words: The next best option, The amount wanted by consumers, The economic principle that states that the price and quantity of a good or service, The ability of a country to produce a good or service at a lower opportunity cost than another country, Where supply = demand, Graph that is used to show opportunity cost between producing 2 things, the amount of a something that a business is willing and able to provide, The amount of a good that is produced, The problem of having unlimited wants but not resources, It forces them to choose one thing or another, There is a decrease in the quantity or quality of its resources, There is a technological advancement that allows for more production of a good, It shifts right, It shifts left, It decreases, It increases, absolute advantage, A visual representation of the flows of goods, services, and money in a market economy., Total value of goods/services produced by a country adjusted for inflation., the total value of goods/services produced by a country in a given year without adjusting for inflation, Inflation, Unemployed, Unemployment rate and a measure of the average price of a basket of goods consumed by households.
Supply and Demand Bingo | Intro to Econ Bingo | AP Macro: Unit 1 Vocab | Chapter 1-4 Economics Bingo | Unit 1: Microeconomics Review
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