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