This bingo card has a free space and 55 words: Monetary Policy, Federal Reserve System, Green, Barter, Checking account balances on which checks can be written, Greenbacks, medium of exchange, unit of account, and store of value, False, Federal Reserve, No, the Fed circulates the currency but does not print it, itself. Another agency under the Fed, does., U.S. Mint, U.S. Bureau of Engraving & Printing, True, Lower interest rates, $.01, $.05, $.10, $.25, $.50, $1.00, the study of people and choices, scarcity, opportunity cost, next best alternative, economic model, PACED Decision Making Model, PPC/PPF, Land, Labor, Entrepreneurship, Capital Goods, What will be produced? How it will be produced? For whom will they be produced for?, Mixed Market Economy, Traditional Economy, Command Economy, Market Economy, Mixed Market Economy, True, The Federal Reserve System, Law of Supply, Law of Demand, False, Marginal Utility, Equilibrium Price, Getting a speeding ticket if you are pulled over for speeding, Lowering insurance rates for drives with strong record of safe driving., The "gifts of nature" or natural resources not created by human effort., To figure out the opportunity cost., short-term goal, Long-term goal, commodity, Adam Smith, Time, Specific, No, Scarcity, unattainable, absence of competition, price-setting power, barriers to entry for potential competitors, businesses that compete for the same customers, and sell the same or similar items, maximum employment & price stability, True, ineffcient and maximum efficiency.
⚠ This card has duplicate items: False (2), True (3), Mixed Market Economy (2)
Economics & Money Key Facts Review | Economic Concepts | MIDTERM BINGO | HM Intro to Econ & Bus Cycles | Economics
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