TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)LiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaQuotaA tradebarrier thatplaces a limiton importedgoodsGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)DemocraticA governmentwhere politicalpower is witha nation’scitizensPresidentHead ofgovernmentinpresidentialdemocracyCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)TariffA tradebarrier thatplaces a taxon importedgoodsPrimeMinisterHead ofgovernmentinparliamentarydemocracyBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)AutocraticA governmentwhere politicalpower is witha singleleaderEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentMaastrichtTreatyParliamentCommonname given tolegislature inparliamentarydemocracyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsEuropeanUnionTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).TreatyofLisbonEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)LiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaQuotaA tradebarrier thatplaces a limiton importedgoodsGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)DemocraticA governmentwhere politicalpower is witha nation’scitizensPresidentHead ofgovernmentinpresidentialdemocracyCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)TariffA tradebarrier thatplaces a taxon importedgoodsPrimeMinisterHead ofgovernmentinparliamentarydemocracyBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)AutocraticA governmentwhere politicalpower is witha singleleaderEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentMaastrichtTreatyParliamentCommonname given tolegislature inparliamentarydemocracyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsEuropeanUnionTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).TreatyofLisbonEconomicContinuumScale 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.


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  1. Something that slows or blocks exchange of goods or services between nations
    Trade Barrier
  2. Approximate value of one nation’s currency in terms of another’s (X amount Euros is equal to Y amount of Dollars)
    Exchange Rate
  3. The percentage of a nation’s population who are able to read & write and are over 15 years old
    Literacy Rate
  4. The factories, machinery, and technology, etc. necessary for an industry
    Capital Goods
  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. A trade barrier that places a limit on imported goods
    Quota
  7. Gross Domestic Product – The estimated total value of all the final goods and services produced in a nation within one year
    GDP
  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 nation’s citizens
    Democratic
  10. Head of government in presidential democracy
    President
  11. Converting one nation’s money to another (in equivalent value)
    Currency Exchange
  12. A trade barrier that places a tax on imported goods
    Tariff
  13. Head of government in parliamentary democracy
    Prime Minister
  14. A trade or exchange of one good/service for another (no money is necessary)
    Bartering
  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. Maastricht Treaty
  18. Common name given to legislature in parliamentary democracy
    Parliament
  19. Economic Model – Government makes all business & financial decisions
    Command Economy
  20. European Union
  21. Economic Model – Ruled by custom, habit, and history
    Traditional Economy
  22. Economic Model – a blend of market, command, and traditional
    Mixed Economy
  23. 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
  24. Treaty of Lisbon
  25. Scale from 0 – 100 that ranks economies from Command (0) to Market (100).
    Economic Continuum