MixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalAutocraticA governmentwhere politicalpower is witha singleleaderTariffA tradebarrier thatplaces a taxon importedgoodsTreatyofLisbonMaastrichtTreatyEuropeanUnionCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsParliamentCommonname given tolegislature inparliamentarydemocracyExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)PresidentHead ofgovernmentinpresidentialdemocracyTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).PrimeMinisterHead ofgovernmentinparliamentarydemocracyHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)QuotaA tradebarrier thatplaces a limiton importedgoodsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearDemocraticA governmentwhere politicalpower is witha nation’scitizensEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).MixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalAutocraticA governmentwhere politicalpower is witha singleleaderTariffA tradebarrier thatplaces a taxon importedgoodsTreatyofLisbonMaastrichtTreatyEuropeanUnionCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsParliamentCommonname given tolegislature inparliamentarydemocracyExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)PresidentHead ofgovernmentinpresidentialdemocracyTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).PrimeMinisterHead ofgovernmentinparliamentarydemocracyHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)QuotaA tradebarrier thatplaces a limiton importedgoodsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearDemocraticA governmentwhere politicalpower is witha nation’scitizensEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).

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.


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