(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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there is a short run tradeoff between inflation and unemployment
accounting cost opportunity cost
People Face trade offs
Country's standard of living depends on ability to produce
The Invisible Hand
$ amount paid
Land, Labor, & Capital
Rational people think at the margin
the value of the highest valued alternative to a decision
Experience/education of workers
the max level of what a country can produce with its factors of production
Trade makes everyone better off
Government can sometimes improve market outcomes
Actual land/natural resources/ "T"
study of national/international level decisions
Markets are usually good ways to organize economic activity
benefit of increasing an activity by 1 unit
study of individual/firm level decisions
Equipment used in production/ "K"
cost of increasing an activity by 1 unit
Hold all variables constant except the two of interest
