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