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