HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)CurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)ParliamentCommonname given tolegislature inparliamentarydemocracyAutocraticA governmentwhere politicalpower is witha singleleaderPresidentHead ofgovernmentinpresidentialdemocracyMaastrichtTreatyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)EuropeanUnionPrimeMinisterHead ofgovernmentinparliamentarydemocracyCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).QuotaA tradebarrier thatplaces a limiton importedgoodsMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalExchangeRateApproximate 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 yearDemocraticA governmentwhere politicalpower is witha nation’scitizensEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTariffA tradebarrier thatplaces a taxon importedgoodsTreatyofLisbonTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)CurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)ParliamentCommonname given tolegislature inparliamentarydemocracyAutocraticA governmentwhere politicalpower is witha singleleaderPresidentHead ofgovernmentinpresidentialdemocracyMaastrichtTreatyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)EuropeanUnionPrimeMinisterHead ofgovernmentinparliamentarydemocracyCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).QuotaA tradebarrier thatplaces a limiton importedgoodsMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalExchangeRateApproximate 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 yearDemocraticA governmentwhere politicalpower is witha nation’scitizensEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentTariffA tradebarrier thatplaces a taxon importedgoodsTreatyofLisbonTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years old

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