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