MacroeconomicsThe study ofa national orglobaleconomy.PriceCeilingThegovernmentsets amaximum priceon a new drug.Currencysystem ofmoney ingeneral usein a countryLaissezfaireMinimal amountto governmentintervention.Means "let itbe"RegressiveTaxA tax that takes alarger percentageof a lower incomeand a smallerpercentage of ahigher incomeOpenOpportunityThe idea thatall personscan competein economicmarketsEfficiencyterm describinga situation inwhich everyresource isoptimallyallocatedCapitalBudgetMoney usedon roadsbuildings andinfrastructure.NegativeExternalitypollution froma factory thatdrifts into apopulatedneighborhood.PriceSupportsSubsidies orpricecontrolsused by thegovernment.in-kindbenefitsPublichousing wouldbest becategorizedas anOperatingbudgetRegularexpenses likesalaries andfacilitymaintenance.cashtransferSocial Securityis a programthat would becategorized asEstateTaxA tax leviedagainst theestate of adeceasedperson.MicroeconomicsStudy ofeconomics atan individual,group orcompany level.BalancedBudgetA budget inwhichrevenues areequal toexpendituresDeflationreduction ofthe generallevel ofprices in aneconomyExternalityA consequenceof an economicactivityexperienced byunrelated thirdpartiesinflationA general increasein prices thatresults in a fall inthe purchasingpowerBlackMarketA market inwhich goodsor servicesare tradedillegallyInterestGrouporganized groupthat tries toinfluence thegovernment toenact certainpoliciesProgressiveTaxA tax in whichthe tax rateincreases asthe incomeincreasesRentControlsA governmentintervention toset a maximumprice on rentalunitsProportionalTaxA tax that staysat the samerate no matter aperson’sincomeMacroeconomicsThe study ofa national orglobaleconomy.PriceCeilingThegovernmentsets amaximum priceon a new drug.Currencysystem ofmoney ingeneral usein a countryLaissezfaireMinimal amountto governmentintervention.Means "let itbe"RegressiveTaxA tax that takes alarger percentageof a lower incomeand a smallerpercentage of ahigher incomeOpenOpportunityThe idea thatall personscan competein economicmarketsEfficiencyterm describinga situation inwhich everyresource isoptimallyallocatedCapitalBudgetMoney usedon roadsbuildings andinfrastructure.NegativeExternalitypollution froma factory thatdrifts into apopulatedneighborhood.PriceSupportsSubsidies orpricecontrolsused by thegovernment.in-kindbenefitsPublichousing wouldbest becategorizedas anOperatingbudgetRegularexpenses likesalaries andfacilitymaintenance.cashtransferSocial Securityis a programthat would becategorized asEstateTaxA tax leviedagainst theestate of adeceasedperson.MicroeconomicsStudy ofeconomics atan individual,group orcompany level.BalancedBudgetA budget inwhichrevenues areequal toexpendituresDeflationreduction ofthe generallevel ofprices in aneconomyExternalityA consequenceof an economicactivityexperienced byunrelated thirdpartiesinflationA general increasein prices thatresults in a fall inthe purchasingpowerBlackMarketA market inwhich goodsor servicesare tradedillegallyInterestGrouporganized groupthat tries toinfluence thegovernment toenact certainpoliciesProgressiveTaxA tax in whichthe tax rateincreases asthe incomeincreasesRentControlsA governmentintervention toset a maximumprice on rentalunitsProportionalTaxA tax that staysat the samerate no matter aperson’sincome

Unit 3 Bingo - 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. The study of a national or global economy.
    Macro economics
  2. The government sets a maximum price on a new drug.
    Price Ceiling
  3. system of money in general use in a country
    Currency
  4. Minimal amount to government intervention. Means "let it be"
    Laissez faire
  5. A tax that takes a larger percentage of a lower income and a smaller percentage of a higher income
    Regressive Tax
  6. The idea that all persons can compete in economic markets
    Open Opportunity
  7. term describing a situation in which every resource is optimally allocated
    Efficiency
  8. Money used on roads buildings and infrastructure.
    Capital Budget
  9. pollution from a factory that drifts into a populated neighborhood.
    Negative Externality
  10. Subsidies or price controls used by the government.
    Price Supports
  11. Public housing would best be categorized as an
    in-kind benefits
  12. Regular expenses like salaries and facility maintenance.
    Operating budget
  13. Social Security is a program that would be categorized as
    cash transfer
  14. A tax levied against the estate of a deceased person.
    Estate Tax
  15. Study of economics at an individual, group or company level.
    Micro economics
  16. A budget in which revenues are equal to expenditures
    Balanced Budget
  17. reduction of the general level of prices in an economy
    Deflation
  18. A consequence of an economic activity experienced by unrelated third parties
    Externality
  19. A general increase in prices that results in a fall in the purchasing power
    inflation
  20. A market in which goods or services are traded illegally
    Black Market
  21. organized group that tries to influence the government to enact certain policies
    Interest Group
  22. A tax in which the tax rate increases as the income increases
    Progressive Tax
  23. A government intervention to set a maximum price on rental units
    Rent Controls
  24. A tax that stays at the same rate no matter a person’s income
    Proportional Tax