TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsQuotaA tradebarrier thatplaces a limiton importedgoodsAutocraticA governmentwhere politicalpower is witha singleleaderCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTreatyofLisbonEuropeanUnionBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaDemocraticA governmentwhere politicalpower is witha nation’scitizensEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).PresidentHead ofgovernmentinpresidentialdemocracyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).PrimeMinisterHead ofgovernmentinparliamentarydemocracyParliamentCommonname given tolegislature inparliamentarydemocracyExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalMaastrichtTreatyTariffA tradebarrier thatplaces a taxon importedgoodsMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)TraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsQuotaA tradebarrier thatplaces a limiton importedgoodsAutocraticA governmentwhere politicalpower is witha singleleaderCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTreatyofLisbonEuropeanUnionBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaDemocraticA governmentwhere politicalpower is witha nation’scitizensEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).PresidentHead ofgovernmentinpresidentialdemocracyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).PrimeMinisterHead ofgovernmentinparliamentarydemocracyParliamentCommonname given tolegislature inparliamentarydemocracyExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalMaastrichtTreatyTariffA tradebarrier thatplaces a taxon importedgoodsMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)TraditionalEconomyEconomicModel –Ruled bycustom, habit,and history

European Government & Economy - Call List

(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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  1. Something that slows or blocks exchange of goods or services between nations
    Trade Barrier
  2. Economic Model – Government makes all business & financial decisions
    Command Economy
  3. A trade barrier that places a limit on imported goods
    Quota
  4. A government where political power is with a single leader
    Autocratic
  5. The factories, machinery, and technology, etc. necessary for an industry
    Capital Goods
  6. Converting one nation’s money to another (in equivalent value)
    Currency Exchange
  7. Private citizens who create new businesses independent from the government
    Entrepreneurship
  8. Treaty of Lisbon
  9. European Union
  10. A trade or exchange of one good/service for another (no money is necessary)
    Bartering
  11. The knowledge, skills, and relative health of a nation’s labor force. Typically, if a nation invests in their human capital, it will raise the nation’s GDP per capita
    Human Capital
  12. A government where political power is with a nation’s citizens
    Democratic
  13. A trade barrier that places a block on all trade with another nation (The U.S. placed an embargo on trade with Cuba while Castro was leader).
    Embargo
  14. Head of government in presidential democracy
    President
  15. The percentage of a nation’s population who are able to read & write and are over 15 years old
    Literacy Rate
  16. Scale from 0 – 100 that ranks economies from Command (0) to Market (100).
    Economic Continuum
  17. Head of government in parliamentary democracy
    Prime Minister
  18. Common name given to legislature in parliamentary democracy
    Parliament
  19. Approximate value of one nation’s currency in terms of another’s (X amount Euros is equal to Y amount of Dollars)
    Exchange Rate
  20. Gross Domestic Product – The estimated total value of all the final goods and services produced in a nation within one year
    GDP
  21. Economic Model – a blend of market, command, and traditional
    Mixed Economy
  22. Maastricht Treaty
  23. A trade barrier that places a tax on imported goods
    Tariff
  24. Economic Model – Laws of supply and demand determine what is produced and consumed (not the government)
    Market Economy
  25. Economic Model – Ruled by custom, habit, and history
    Traditional Economy