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