mutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedeuro The commoncurrencyused by manycountries of theEuropean UnionexportA good sentto anothercountry forsalespecializationConcentratingproductiveefforts onproducing alimited varietyof goods.TheSunbeltsomesouthernwarmerstates areknown asmegacitiesCities thathave apopulation inexcess of 10million peopleflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandExchangeratethe value ofone currencywhenconverting toanothercurrencyImportA goodpurchasedand brought infrom anothercountrycollateralSomethingpledged assecurity forrepayment ofa loanTheRustbeltprimarilycenteredaround theMidwestweakdollarcan makeproducts lessexpensive toforeignbuyerslaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.ProtectionismProtectingyour owncountry'sindustriesand workersHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausetradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importsQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countrycapitalflight The rapidmovement ofinvestmentsout of acountrydollarindexnationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveInfantindustryProtectionismpolicies aresometimesput in placeto protecteconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.deadweightlossThe cost tosocietycreated bymarketinefficiencyTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.mutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedeuro The commoncurrencyused by manycountries of theEuropean UnionexportA good sentto anothercountry forsalespecializationConcentratingproductiveefforts onproducing alimited varietyof goods.TheSunbeltsomesouthernwarmerstates areknown asmegacitiesCities thathave apopulation inexcess of 10million peopleflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandExchangeratethe value ofone currencywhenconverting toanothercurrencyImportA goodpurchasedand brought infrom anothercountrycollateralSomethingpledged assecurity forrepayment ofa loanTheRustbeltprimarilycenteredaround theMidwestweakdollarcan makeproducts lessexpensive toforeignbuyerslaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.ProtectionismProtectingyour owncountry'sindustriesand workersHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausetradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importsQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countrycapitalflight The rapidmovement ofinvestmentsout of acountrydollarindexnationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveInfantindustryProtectionismpolicies aresometimesput in placeto protecteconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.deadweightlossThe cost tosocietycreated bymarketinefficiencyTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.

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