Currencysystem ofmoney ingeneral usein a countryLaissezfaireMinimal amountto governmentintervention.Means "let itbe"ExternalityA consequenceof an economicactivityexperienced byunrelated thirdpartiesRentControlsA governmentintervention toset a maximumprice on rentalunitsOpenOpportunityThe idea thatall personscan competein economicmarketsProgressiveTaxA tax in whichthe tax rateincreases asthe incomeincreasesBlackMarketA market inwhich goodsor servicesare tradedillegallyMacroeconomicsThe study ofa national orglobaleconomy.MicroeconomicsStudy ofeconomics atan individual,group orcompany level.OperatingbudgetRegularexpenses likesalaries andfacilitymaintenance.Deflationreduction ofthe generallevel ofprices in aneconomyEfficiencyterm describinga situation inwhich everyresource isoptimallyallocatedProportionalTaxA tax that staysat the samerate no matter aperson’sincomeRegressiveTaxA tax that takes alarger percentageof a lower incomeand a smallerpercentage of ahigher incomePriceCeilingThegovernmentsets amaximum priceon a new drug.inflationA general increasein prices thatresults in a fall inthe purchasingpowerBalancedBudgetA budget inwhichrevenues areequal toexpendituresInterestGrouporganized groupthat tries toinfluence thegovernment toenact certainpoliciesin-kindbenefitsPublichousing wouldbest becategorizedas ancashtransferSocial Securityis a programthat would becategorized asNegativeExternalitypollution froma factory thatdrifts into apopulatedneighborhood.CapitalBudgetMoney usedon roadsbuildings andinfrastructure.PriceSupportsSubsidies orpricecontrolsused by thegovernment.EstateTaxA tax leviedagainst theestate of adeceasedperson.Currencysystem ofmoney ingeneral usein a countryLaissezfaireMinimal amountto governmentintervention.Means "let itbe"ExternalityA consequenceof an economicactivityexperienced byunrelated thirdpartiesRentControlsA governmentintervention toset a maximumprice on rentalunitsOpenOpportunityThe idea thatall personscan competein economicmarketsProgressiveTaxA tax in whichthe tax rateincreases asthe incomeincreasesBlackMarketA market inwhich goodsor servicesare tradedillegallyMacroeconomicsThe study ofa national orglobaleconomy.MicroeconomicsStudy ofeconomics atan individual,group orcompany level.OperatingbudgetRegularexpenses likesalaries andfacilitymaintenance.Deflationreduction ofthe generallevel ofprices in aneconomyEfficiencyterm describinga situation inwhich everyresource isoptimallyallocatedProportionalTaxA tax that staysat the samerate no matter aperson’sincomeRegressiveTaxA tax that takes alarger percentageof a lower incomeand a smallerpercentage of ahigher incomePriceCeilingThegovernmentsets amaximum priceon a new drug.inflationA general increasein prices thatresults in a fall inthe purchasingpowerBalancedBudgetA budget inwhichrevenues areequal toexpendituresInterestGrouporganized groupthat tries toinfluence thegovernment toenact certainpoliciesin-kindbenefitsPublichousing wouldbest becategorizedas ancashtransferSocial Securityis a programthat would becategorized asNegativeExternalitypollution froma factory thatdrifts into apopulatedneighborhood.CapitalBudgetMoney usedon roadsbuildings andinfrastructure.PriceSupportsSubsidies orpricecontrolsused by thegovernment.EstateTaxA tax leviedagainst theestate of adeceasedperson.

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