(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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Market Economy
maximum efficiency
Land, Labor, Entrepreneurship, Capital Goods
True
U.S. Bureau of Engraving & Printing
Marginal Utility
Traditional Economy
Lowering insurance rates for drives with strong record of safe driving.
True
Time
ineffcient
Adam Smith
What will be produced? How it will be produced? For whom will they be produced for?
Barter
PPC/PPF
medium of exchange, unit of account, and store of value
Getting a speeding ticket if you are pulled over for speeding
opportunity cost
The Federal Reserve System
economic model
PACED Decision Making Model
Specific
False
Checking account balances on which checks can be written
short-term goal
False
Mixed Market Economy
Lower interest rates
True
next best alternative
absence of competition, price-setting power, barriers to entry for potential competitors
Green
Scarcity
Greenbacks
Federal Reserve
Law of Demand
Law of Supply
maximum employment & price stability
Federal Reserve System
To figure out the opportunity cost.
the study of people and choices
commodity
Monetary Policy
U.S. Mint
$.01, $.05, $.10, $.25, $.50, $1.00
scarcity
Command Economy
No
Equilibrium Price
Mixed Market Economy
unattainable
businesses that compete for the same customers, and sell the same or similar items
No, the Fed circulates the currency but does not print it, itself. Another agency under the Fed, does.
The "gifts of nature" or natural resources not created by human effort.
