Deflationreduction ofthe generallevel ofprices in aneconomyMicroeconomicsStudy ofeconomics atan individual,group orcompany level.CapitalBudgetMoney usedon roadsbuildings andinfrastructure.Efficiencyterm describinga situation inwhich everyresource isoptimallyallocatedBalancedBudgetA budget inwhichrevenues areequal toexpenditurescashtransferSocial Securityis a programthat would becategorized asCurrencysystem ofmoney ingeneral usein a countryOperatingbudgetRegularexpenses likesalaries andfacilitymaintenance.OpenOpportunityThe idea thatall personscan competein economicmarketsProportionalTaxA tax that staysat the samerate no matter aperson’sincomePriceCeilingThegovernmentsets amaximum priceon a new drug.EstateTaxA tax leviedagainst theestate of adeceasedperson.ProgressiveTaxA tax in whichthe tax rateincreases asthe incomeincreasesBlackMarketA market inwhich goodsor servicesare tradedillegallyLaissezfaireMinimal amountto governmentintervention.Means "let itbe"RentControlsA governmentintervention toset a maximumprice on rentalunitsExternalityA consequenceof an economicactivityexperienced byunrelated thirdpartiesRegressiveTaxA tax that takes alarger percentageof a lower incomeand a smallerpercentage of ahigher incomein-kindbenefitsPublichousing wouldbest becategorizedas anPriceSupportsSubsidies orpricecontrolsused by thegovernment.NegativeExternalitypollution froma factory thatdrifts into apopulatedneighborhood.InterestGrouporganized groupthat tries toinfluence thegovernment toenact certainpoliciesMacroeconomicsThe study ofa national orglobaleconomy.inflationA general increasein prices thatresults in a fall inthe purchasingpowerDeflationreduction ofthe generallevel ofprices in aneconomyMicroeconomicsStudy ofeconomics atan individual,group orcompany level.CapitalBudgetMoney usedon roadsbuildings andinfrastructure.Efficiencyterm describinga situation inwhich everyresource isoptimallyallocatedBalancedBudgetA budget inwhichrevenues areequal toexpenditurescashtransferSocial Securityis a programthat would becategorized asCurrencysystem ofmoney ingeneral usein a countryOperatingbudgetRegularexpenses likesalaries andfacilitymaintenance.OpenOpportunityThe idea thatall personscan competein economicmarketsProportionalTaxA tax that staysat the samerate no matter aperson’sincomePriceCeilingThegovernmentsets amaximum priceon a new drug.EstateTaxA tax leviedagainst theestate of adeceasedperson.ProgressiveTaxA tax in whichthe tax rateincreases asthe incomeincreasesBlackMarketA market inwhich goodsor servicesare tradedillegallyLaissezfaireMinimal amountto governmentintervention.Means "let itbe"RentControlsA governmentintervention toset a maximumprice on rentalunitsExternalityA consequenceof an economicactivityexperienced byunrelated thirdpartiesRegressiveTaxA tax that takes alarger percentageof a lower incomeand a smallerpercentage of ahigher incomein-kindbenefitsPublichousing wouldbest becategorizedas anPriceSupportsSubsidies orpricecontrolsused by thegovernment.NegativeExternalitypollution froma factory thatdrifts into apopulatedneighborhood.InterestGrouporganized groupthat tries toinfluence thegovernment toenact certainpoliciesMacroeconomicsThe study ofa national orglobaleconomy.inflationA general increasein prices thatresults in a fall inthe purchasingpower

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