economicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.euro The commoncurrencyused by manycountries of theEuropean Unionlaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.Exchangeratethe value ofone currencywhenconverting toanothercurrencydeadweightlossThe cost tosocietycreated bymarketinefficiencynationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveImportA goodpurchasedand brought infrom anothercountryHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausespecializationConcentratingproductiveefforts onproducing alimited varietyof goods.dollarindexTheSunbeltsomesouthernwarmerstates areknown asTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.exportA good sentto anothercountry forsalemegacitiesCities thathave apopulation inexcess of 10million peopleProtectionismProtectingyour owncountry'sindustriesand workersweakdollarcan makeproducts lessexpensive toforeignbuyersTheRustbeltprimarilycenteredaround theMidwestflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandcollateralSomethingpledged assecurity forrepayment ofa loanmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryInfantindustryProtectionismpolicies aresometimesput in placeto protecttradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importscapitalflight The rapidmovement ofinvestmentsout of acountryeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.euro The commoncurrencyused by manycountries of theEuropean Unionlaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.Exchangeratethe value ofone currencywhenconverting toanothercurrencydeadweightlossThe cost tosocietycreated bymarketinefficiencynationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveImportA goodpurchasedand brought infrom anothercountryHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausespecializationConcentratingproductiveefforts onproducing alimited varietyof goods.dollarindexTheSunbeltsomesouthernwarmerstates areknown asTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.exportA good sentto anothercountry forsalemegacitiesCities thathave apopulation inexcess of 10million peopleProtectionismProtectingyour owncountry'sindustriesand workersweakdollarcan makeproducts lessexpensive toforeignbuyersTheRustbeltprimarilycenteredaround theMidwestflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandcollateralSomethingpledged assecurity forrepayment ofa loanmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryInfantindustryProtectionismpolicies aresometimesput in placeto protecttradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importscapitalflight The rapidmovement ofinvestmentsout of acountry

Econ Unit 7 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 unequal distribution of income between the participants in an economy.
    economic inequality
  2. The common currency used by many countries of the European Union
    euro
  3. A nation is better off when it produces goods for which it has a comparative advantage.
    law of comparative advantage
  4. the value of one currency when converting to another currency
    Exchange rate
  5. The cost to society created by market inefficiency
    deadweight loss
  6. the reason for the creation of the U.S. National Helium Reserve
    national security issue
  7. A good purchased and brought in from another country
    Import
  8. tariffs via higher prices for imported goods can cause
    Higher costs to consumers
  9. Concentrating productive efforts on producing a limited variety of goods.
    specialization
  10. dollar index
  11. some southern warmer states are known as
    The Sunbelt
  12. High income countries spend much more on subsidies to their own farmers than on aid to poor countries.
    True
  13. A good sent to another country for sale
    export
  14. Cities that have a population in excess of 10 million people
    megacities
  15. Protecting your own country's industries and workers
    Protectionism
  16. can make products less expensive to foreign buyers
    weak dollar
  17. primarily centered around the Midwest
    The Rustbelt
  18. A currency system that allows the exchange rate to be determined by supply and demand
    flexible exchange rate
  19. Something pledged as security for repayment of a loan
    collateral
  20. Trade that adds benefit or value to all parties involved
    mutually beneficial exchange
  21. When a country sets a limit on the amount of goods brought into a country
    Quota
  22. Protectionism policies are sometimes put in place to protect
    Infant industry
  23. The amount by which the value of a country's exports exceeds the value of its imports
    trade surplus
  24. The rapid movement of investments out of a country
    capital flight