MaastrichtTreatyEuropeanUnionLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldQuotaA tradebarrier thatplaces a limiton importedgoodsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)ParliamentCommonname given tolegislature inparliamentarydemocracyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsPrimeMinisterHead ofgovernmentinparliamentarydemocracyEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)CapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryAutocraticA governmentwhere politicalpower is witha singleleaderCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).TariffA tradebarrier thatplaces a taxon importedgoodsDemocraticA governmentwhere politicalpower is witha nation’scitizensMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearPresidentHead ofgovernmentinpresidentialdemocracyMixedEconomyEconomicModel – 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 capitaTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsTreatyofLisbonMaastrichtTreatyEuropeanUnionLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldQuotaA tradebarrier thatplaces a limiton importedgoodsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)ParliamentCommonname given tolegislature inparliamentarydemocracyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsPrimeMinisterHead ofgovernmentinparliamentarydemocracyEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)CapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryAutocraticA governmentwhere politicalpower is witha singleleaderCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).TariffA tradebarrier thatplaces a taxon importedgoodsDemocraticA governmentwhere politicalpower is witha nation’scitizensMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearPresidentHead ofgovernmentinpresidentialdemocracyMixedEconomyEconomicModel – 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 capitaTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsTreatyofLisbon

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