specializationConcentratingproductiveefforts onproducing alimited varietyof goods.exportA good sentto anothercountry forsaleTheRustbeltprimarilycenteredaround theMidwestdollarindexcapitalflight The rapidmovement ofinvestmentsout of acountrycollateralSomethingpledged assecurity forrepayment ofa loanflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandlaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.ImportA goodpurchasedand brought infrom anothercountryProtectionismProtectingyour owncountry'sindustriesand workersHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausetradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importsmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involveddeadweightlossThe cost tosocietycreated bymarketinefficiencyeuro The commoncurrencyused by manycountries of theEuropean UnionInfantindustryProtectionismpolicies aresometimesput in placeto protectnationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.megacitiesCities thathave apopulation inexcess of 10million peopleExchangeratethe value ofone currencywhenconverting toanothercurrencyTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.TheSunbeltsomesouthernwarmerstates areknown asQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryweakdollarcan makeproducts lessexpensive toforeignbuyersspecializationConcentratingproductiveefforts onproducing alimited varietyof goods.exportA good sentto anothercountry forsaleTheRustbeltprimarilycenteredaround theMidwestdollarindexcapitalflight The rapidmovement ofinvestmentsout of acountrycollateralSomethingpledged assecurity forrepayment ofa loanflexibleexchangerateA currency systemthat allows theexchange rate tobe determined bysupply anddemandlaw ofcomparativeadvantageA nation is betteroff when itproduces goodsfor which it has acomparativeadvantage.ImportA goodpurchasedand brought infrom anothercountryProtectionismProtectingyour owncountry'sindustriesand workersHighercosts toconsumerstariffs viahigher pricesfor importedgoods cancausetradesurplusThe amount bywhich the value ofa country's exportsexceeds the valueof its importsmutuallybeneficialexchangeTrade that addsbenefit orvalue to allparties involveddeadweightlossThe cost tosocietycreated bymarketinefficiencyeuro The commoncurrencyused by manycountries of theEuropean UnionInfantindustryProtectionismpolicies aresometimesput in placeto protectnationalsecurityissuethe reasonfor the creationof theU.S. NationalHelium ReserveeconomicinequalityThe unequaldistribution ofincomebetween theparticipants inan economy.megacitiesCities thathave apopulation inexcess of 10million peopleExchangeratethe value ofone currencywhenconverting toanothercurrencyTrueHigh incomecountries spendmuch more onsubsidies to theirown farmers thanon aid to poorcountries.TheSunbeltsomesouthernwarmerstates areknown asQuotaWhen a countrysets a limit onthe amount ofgoods broughtinto a countryweakdollarcan makeproducts lessexpensive toforeignbuyers

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