ExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)BarteringA 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 capitaCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsEuropeanUnionMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)PresidentHead ofgovernmentinpresidentialdemocracyDemocraticA governmentwhere politicalpower is witha nation’scitizensMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)ParliamentCommonname given tolegislature inparliamentarydemocracyTariffA tradebarrier thatplaces a taxon importedgoodsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyMaastrichtTreatyQuotaA tradebarrier thatplaces a limiton importedgoodsLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).AutocraticA governmentwhere politicalpower is witha singleleaderTreatyofLisbonPrimeMinisterHead ofgovernmentinparliamentarydemocracyGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).CapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)BarteringA 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 capitaCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsEuropeanUnionMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)PresidentHead ofgovernmentinpresidentialdemocracyDemocraticA governmentwhere politicalpower is witha nation’scitizensMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)ParliamentCommonname given tolegislature inparliamentarydemocracyTariffA tradebarrier thatplaces a taxon importedgoodsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyMaastrichtTreatyQuotaA tradebarrier thatplaces a limiton importedgoodsLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).AutocraticA governmentwhere politicalpower is witha singleleaderTreatyofLisbonPrimeMinisterHead ofgovernmentinparliamentarydemocracyGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).CapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industry

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