EuropeanUnionEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).CommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryPresidentHead ofgovernmentinpresidentialdemocracyMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).MaastrichtTreatyTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsTreatyofLisbonGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)AutocraticA governmentwhere politicalpower is witha singleleaderTariffA tradebarrier thatplaces a taxon importedgoodsDemocraticA governmentwhere politicalpower is witha nation’scitizensCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)ExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)ParliamentCommonname given tolegislature inparliamentarydemocracyMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)LiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaPrimeMinisterHead ofgovernmentinparliamentarydemocracyEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentQuotaA tradebarrier thatplaces a limiton importedgoodsEuropeanUnionEconomicContinuumScale from 0 –100 that rankseconomiesfrom Command(0) to Market(100).CommandEconomyEconomic Model– Governmentmakes allbusiness &financialdecisionsCapitalGoodsThe factories,machinery, andtechnology, etc.necessary foran industryPresidentHead ofgovernmentinpresidentialdemocracyMixedEconomyEconomicModel – ablend ofmarket,command, andtraditionalEmbargoA trade barrier thatplaces a block on alltrade with anothernation (The U.S.placed an embargoon trade with Cubawhile Castro wasleader).MaastrichtTreatyTradeBarrierSomething thatslows or blocksexchange ofgoods orservicesbetween nationsTreatyofLisbonGDPGross DomesticProduct – Theestimated total valueof all the final goodsand servicesproduced in a nationwithin one yearBarteringA trade orexchange of onegood/service foranother (nomoney isnecessary)AutocraticA governmentwhere politicalpower is witha singleleaderTariffA tradebarrier thatplaces a taxon importedgoodsDemocraticA governmentwhere politicalpower is witha nation’scitizensCurrencyExchangeConverting onenation’s moneyto another (inequivalentvalue)ExchangeRateApproximate valueof one nation’scurrency in termsof another’s (Xamount Euros isequal to Y amountof Dollars)ParliamentCommonname given tolegislature inparliamentarydemocracyMarketEconomyEconomic Model –Laws of supplyand demanddetermine what isproduced andconsumed (not thegovernment)LiteracyRateThe percentageof a nation’spopulation whoare able to read& write and areover 15 years oldTraditionalEconomyEconomicModel –Ruled bycustom, habit,and historyHumanCapitalThe knowledge,skills, and relativehealth of a nation’slabor force. Typically,if a nation invests intheir human capital, itwill raise the nation’sGDP per capitaPrimeMinisterHead ofgovernmentinparliamentarydemocracyEntrepreneurshipPrivate citizenswho create newbusinessesindependentfrom thegovernmentQuotaA tradebarrier thatplaces a limiton importedgoods

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