ExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)EmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsEuropeanUnionDemocraticA governmentwhere politicalpower is witha nation’scitizensMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryAutocraticA governmentwhere politicalpower is witha singleleaderParliamentCommonname given tolegislature inparliamentarydemocracyMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)TariffA tradebarrier thatplaces a taxon importedgoodsGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).CurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)TreatyofLisbonQuotaA tradebarrier thatplaces a limiton importedgoodsLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsPrimeMinisterHead ofgovernmentinparliamentarydemocracyEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaPresidentHead ofgovernmentinpresidentialdemocracyMaastrichtTreatyExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)EmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).TradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsEuropeanUnionDemocraticA governmentwhere politicalpower is witha nation’scitizensMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryAutocraticA governmentwhere politicalpower is witha singleleaderParliamentCommonname given tolegislature inparliamentarydemocracyMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)TariffA tradebarrier thatplaces a taxon importedgoodsGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).CurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)TreatyofLisbonQuotaA tradebarrier thatplaces a limiton importedgoodsLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsPrimeMinisterHead ofgovernmentinparliamentarydemocracyEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaPresidentHead ofgovernmentinpresidentialdemocracyMaastrichtTreaty

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