TreatyofLisbonMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTariffA tradebarrier thatplaces a taxon importedgoodsEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).DemocraticA governmentwhere politicalpower is witha nation’scitizensMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)AutocraticA governmentwhere politicalpower is witha singleleaderEuropeanUnionMaastrichtTreatyPresidentHead ofgovernmentinpresidentialdemocracyHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)QuotaA tradebarrier thatplaces a limiton importedgoodsEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).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 yearCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyTreatyofLisbonMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTariffA tradebarrier thatplaces a taxon importedgoodsEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).DemocraticA governmentwhere politicalpower is witha nation’scitizensMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)AutocraticA governmentwhere politicalpower is witha singleleaderEuropeanUnionMaastrichtTreatyPresidentHead ofgovernmentinpresidentialdemocracyHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)QuotaA tradebarrier thatplaces a limiton importedgoodsEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).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 yearCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryTraditionalEconomyEconomicModel –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. Treaty of Lisbon
  2. Economic Model – a blend of market, command, and traditional
    Mixed Economy
  3. Economic Model – Government makes all business & financial decisions
    Command Economy
  4. Private citizens who create new businesses independent from the government
    Entrepreneurship
  5. A trade barrier that places a tax on imported goods
    Tariff
  6. Scale from 0 – 100 that ranks economies from Command (0) to Market (100).
    Economic Continuum
  7. A government where political power is with a nation’s citizens
    Democratic
  8. Economic Model – Laws of supply and demand determine what is produced and consumed (not the government)
    Market Economy
  9. A government where political power is with a single leader
    Autocratic
  10. European Union
  11. Maastricht Treaty
  12. Head of government in presidential democracy
    President
  13. 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
  14. The percentage of a nation’s population who are able to read & write and are over 15 years old
    Literacy Rate
  15. A trade or exchange of one good/service for another (no money is necessary)
    Bartering
  16. Something that slows or blocks exchange of goods or services between nations
    Trade Barrier
  17. Converting one nation’s money to another (in equivalent value)
    Currency Exchange
  18. A trade barrier that places a limit on imported goods
    Quota
  19. 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
  20. Head of government in parliamentary democracy
    Prime Minister
  21. Common name given to legislature in parliamentary democracy
    Parliament
  22. Approximate value of one nation’s currency in terms of another’s (X amount Euros is equal to Y amount of Dollars)
    Exchange Rate
  23. Gross Domestic Product – The estimated total value of all the final goods and services produced in a nation within one year
    GDP
  24. The factories, machinery, and technology, etc. necessary for an industry
    Capital Goods
  25. Economic Model – Ruled by custom, habit, and history
    Traditional Economy