DemocraticA governmentwhere politicalpower is witha nation’scitizensEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalHumanCapitalThe 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 &financialdecisionsEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).MaastrichtTreatyTreatyofLisbonEuropeanUnionQuotaA tradebarrier thatplaces a limiton importedgoodsPrimeMinisterHead ofgovernmentinparliamentarydemocracyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)AutocraticA governmentwhere politicalpower is witha singleleaderEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryParliamentCommonname given tolegislature inparliamentarydemocracyCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)MarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)TraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyTariffA tradebarrier thatplaces a taxon importedgoodsPresidentHead ofgovernmentinpresidentialdemocracyDemocraticA governmentwhere politicalpower is witha nation’scitizensEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalHumanCapitalThe 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 &financialdecisionsEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).MaastrichtTreatyTreatyofLisbonEuropeanUnionQuotaA tradebarrier thatplaces a limiton importedgoodsPrimeMinisterHead ofgovernmentinparliamentarydemocracyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)AutocraticA governmentwhere politicalpower is witha singleleaderEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryParliamentCommonname given tolegislature inparliamentarydemocracyCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)MarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)TraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyTariffA tradebarrier thatplaces a taxon importedgoodsPresidentHead ofgovernmentinpresidentialdemocracy

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