Government in the Economy - 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.

1. The Post Office is an example of what type of service?
   Public Service
2. Federal Communications Commission
   Agency that is in charge of regulating broadcast media
3. Which level of government collects both sales an income tax
   State Government
4. What is scarcity?
   the inability to satisfy all wants at the same time
5. Sales Tax
   A portion of the price of a product added on and collected by the government
6. What is Demand?
   the amount of a good or service that consumers are willing and able to buy
7. What is supply?
   The amount of a good or service that producers are willing and able to offer for sale
8. Price
   The amount of money exchanged for a good or service
9. A grocery store is what type of service
   Private Service
10. What is Inflation?
    Rise in price levels caused by too much money in the economy
11. Why do people trust U.S. currency?
    Because it is backed by the government (and Federal Reserve)
12. Money taken out of your salary to be used by the government
    Income Tax
13. When people panic and go to the bank to get their money
    Bank Run
14. Central Bank
    Bank that controls the supply of currency for that nation
15. What agency makes sure that employees are safe in the workplace?
    Occupational Safety and Health Administration
16. What is the private sector?
    The part of the economy NOT controlled by the government
17. What is a public service?
    A service provided by the government
18. What are checks?
    Paper forms used to make payments and or withdraw money
19. What agency approved the Covid Vaccine?
    Food and Drug Administration
20. How does the government make revenue?
    Through taxes
21. The Great Depression led to what?
    The formation of the Federal Reserve Bank
22. What is opportunity cost?
    Something that is given up when a choice is made
23. Property Tax
    Money taken by the government on based on the things that you own
24. A pattern in which business and employment levels move through a cycle of growth
    Business Cycle
25. Which level of gov. relies primarily on income tax?
    Federal Government
26. Contract
    Written agreement between 2 or more parties
27. What are anti-trust laws?
    Laws preventing the formation of monopolies
28. Federal Trade Commission
    Agency that prevents monopolies
29. What is Human Capital?
    The combination of all your skills, interests, personality that helps us to have economic value
30. Regulatory Agencies
    Gov. orgs that ensure businesses follow laws
31. What is the public sector?
    The part of the economy controlled by the government
32. Consumer Product Safety Commission
    Agency that ensures the things we buy are safe to use
33. Environmental Protection Agency
    Agency that regulates pollution by businesses
34. Incentive
    A thing that motivates or encourages one to do something.
35. Currency
    Paper and coin used as money in a country
36. Agency that helps regulate the stock market
    Securities and Exchange Commission
37. Federal Reserve
    Regulates and limits inflation in the economy
38. This level of government collects property taxes
    Local Government
39. What agency ensures that workers are treated equally?
    Equal Employment Opportunity Commission
40. What happens to money when there is a lot of inflation?
    Money loses its value