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