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