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