EconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)AutocraticA governmentwhere politicalpower is witha singleleaderPresidentHead ofgovernmentinpresidentialdemocracyQuotaA tradebarrier thatplaces a limiton importedgoodsExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)MarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)EmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaEuropeanUnionTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryTreatyofLisbonDemocraticA governmentwhere politicalpower is witha nation’scitizensGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearTariffA tradebarrier thatplaces a taxon importedgoodsPrimeMinisterHead ofgovernmentinparliamentarydemocracyMaastrichtTreatyMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentParliamentCommonname given tolegislature inparliamentarydemocracyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).BarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)AutocraticA governmentwhere politicalpower is witha singleleaderPresidentHead ofgovernmentinpresidentialdemocracyQuotaA tradebarrier thatplaces a limiton importedgoodsExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)MarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)EmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).HumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaEuropeanUnionTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyLiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryTreatyofLisbonDemocraticA governmentwhere politicalpower is witha nation’scitizensGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearTariffA tradebarrier thatplaces a taxon importedgoodsPrimeMinisterHead ofgovernmentinparliamentarydemocracyMaastrichtTreatyMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)EntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentParliamentCommonname given tolegislature inparliamentarydemocracyCommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nations

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