deadweightlossThe cost tosocietycreated bymarketinefficiencynationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium Reservedollarindexcapitalflight The rapidmovement ofinvestmentsout of acountrylaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.exportA good sentto anothercountry forsaleImportA goodpurchasedand brought infrom anothercountryExchangeratethe value ofone currencywhenconverting toanothercurrencyeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.specializationConcentratingproductiveefforts onproducing alimited varietyof goods.euro The commoncurrencyused by manycountries of theEuropean UnionflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryweakdollarcan makeproducts lessexpensive toforeignbuyerscollateralSomethingpledged assecurity forrepayment ofa loanTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.TheSunbeltsomesouthernwarmerstates areknown astradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importsInfantindustryProtectionismpolicies aresometimesput in placeto protectProtectionismProtectingyour owncountry'sindustriesand workersmegacitiesCities thathave apopulation inexcess of 10million peopleTheRustbeltprimarilycenteredaround theMidwestHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausedeadweightlossThe cost tosocietycreated bymarketinefficiencynationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium Reservedollarindexcapitalflight The rapidmovement ofinvestmentsout of acountrylaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.exportA good sentto anothercountry forsaleImportA goodpurchasedand brought infrom anothercountryExchangeratethe value ofone currencywhenconverting toanothercurrencyeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.specializationConcentratingproductiveefforts onproducing alimited varietyof goods.euro The commoncurrencyused by manycountries of theEuropean UnionflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryweakdollarcan makeproducts lessexpensive toforeignbuyerscollateralSomethingpledged assecurity forrepayment ofa loanTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.TheSunbeltsomesouthernwarmerstates areknown astradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importsInfantindustryProtectionismpolicies aresometimesput in placeto protectProtectionismProtectingyour owncountry'sindustriesand workersmegacitiesCities thathave apopulation inexcess of 10million peopleTheRustbeltprimarilycenteredaround theMidwestHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancause

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