deadweightlossThe cost tosocietycreated bymarketinefficiencyHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausetradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importslaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.TheSunbeltsomesouthernwarmerstates areknown asImportA goodpurchasedand brought infrom anothercountryQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryInfantindustryProtectionismpolicies aresometimesput in placeto protectmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedmegacitiesCities thathave apopulation inexcess of 10million peopleflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandspecializationConcentratingproductiveefforts onproducing alimited varietyof goods.ProtectionismProtectingyour owncountry'sindustriesand workerseuro The commoncurrencyused by manycountries of theEuropean Unionweakdollarcan makeproducts lessexpensive toforeignbuyerscollateralSomethingpledged assecurity forrepayment ofa loanTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.dollarindexexportA good sentto anothercountry forsalenationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.Exchangeratethe value ofone currencywhenconverting toanothercurrencycapitalflight The rapidmovement ofinvestmentsout of acountryTheRustbeltprimarilycenteredaround theMidwestdeadweightlossThe cost tosocietycreated bymarketinefficiencyHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausetradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importslaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.TheSunbeltsomesouthernwarmerstates areknown asImportA goodpurchasedand brought infrom anothercountryQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryInfantindustryProtectionismpolicies aresometimesput in placeto protectmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involvedmegacitiesCities thathave apopulation inexcess of 10million peopleflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandspecializationConcentratingproductiveefforts onproducing alimited varietyof goods.ProtectionismProtectingyour owncountry'sindustriesand workerseuro The commoncurrencyused by manycountries of theEuropean Unionweakdollarcan makeproducts lessexpensive toforeignbuyerscollateralSomethingpledged assecurity forrepayment ofa loanTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.dollarindexexportA good sentto anothercountry forsalenationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.Exchangeratethe value ofone currencywhenconverting toanothercurrencycapitalflight The rapidmovement ofinvestmentsout of acountryTheRustbeltprimarilycenteredaround theMidwest

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