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