HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).EntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryMaastrichtTreatyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsDemocraticA governmentwhere politicalpower is witha nation’scitizensEuropeanUnionTariffA tradebarrier thatplaces a taxon importedgoodsPresidentHead ofgovernmentinpresidentialdemocracyPrimeMinisterHead ofgovernmentinparliamentarydemocracyCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)QuotaA tradebarrier thatplaces a limiton importedgoodsTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldTreatyofLisbonMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearAutocraticA governmentwhere politicalpower is witha singleleaderTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyParliamentCommonname given tolegislature inparliamentarydemocracyEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).ExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).EntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryMaastrichtTreatyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsDemocraticA governmentwhere politicalpower is witha nation’scitizensEuropeanUnionTariffA tradebarrier thatplaces a taxon importedgoodsPresidentHead ofgovernmentinpresidentialdemocracyPrimeMinisterHead ofgovernmentinparliamentarydemocracyCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)QuotaA tradebarrier thatplaces a limiton importedgoodsTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldTreatyofLisbonMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)GDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearAutocraticA governmentwhere politicalpower is witha singleleaderTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyParliamentCommonname given tolegislature inparliamentarydemocracyEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).ExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)

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