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