Economiesof ScaleTariffNonbindingpricecelilingOpportunitycostBindingpricefloorDeadweightLossSeconddegree PricediscriminationConstantreturn toscaleConsumerSurplusAbsoluteAdvantageTotalsurplusLarger taxburden onbuyersLarger taxburden onsuppliersSunkcostConditionforimportinggoodsComparativeadvantageAccountingcostsInelasticdemandMonopolymarketShutDownpriceExplicitcostShift ofdemandcurveDiminishingMarginalProductPerfectlycompetitivemarketExitPriceFirst degreepricediscriminationShift ofSupplycurveEconomiesof ScaleTariffNonbindingpricecelilingOpportunitycostBindingpricefloorDeadweightLossSeconddegree PricediscriminationConstantreturn toscaleConsumerSurplusAbsoluteAdvantageTotalsurplusLarger taxburden onbuyersLarger taxburden onsuppliersSunkcostConditionforimportinggoodsComparativeadvantageAccountingcostsInelasticdemandMonopolymarketShutDownpriceExplicitcostShift ofdemandcurveDiminishingMarginalProductPerfectlycompetitivemarketExitPriceFirst degreepricediscriminationShift ofSupplycurve

ECON 1001 Review - Call List

(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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  1. Economies of Scale
  2. Tariff
  3. Non binding price celiling
  4. Opportunity cost
  5. Binding price floor
  6. Deadweight Loss
  7. Second degree Price discrimination
  8. Constant return to scale
  9. Consumer Surplus
  10. Absolute Advantage
  11. Total surplus
  12. Larger tax burden on buyers
  13. Larger tax burden on suppliers
  14. Sunk cost
  15. Condition for importing goods
  16. Comparative advantage
  17. Accounting costs
  18. Inelastic demand
  19. Monopoly market
  20. Shut Down price
  21. Explicit cost
  22. Shift of demand curve
  23. Diminishing Marginal Product
  24. Perfectly competitive market
  25. Exit Price
  26. First degree price discrimination
  27. Shift of Supply curve