GED Social Studies Practice Test 42

This GED Social Studies practice test is not related to the GED Ready – The Official Practice Test, produced and distributed by GED Testing Service LLC.

1. What is an amendment?

A.the right to vote

B.U.S diploma

C.a promotion strategy

D.a change to the Constitution

Question 1 of 10

2. Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?

A.The price will go up

B.The price will go down

C.Nothing changes

D.It depends

Question 2 of 10

3. Gross Domestic Product (GDP) is a measure of what?

A.The total wealth of a country

B.The percentage of people living in poverty in a country

C.How many goods are exported from a country

D.The wealth of an average citizen in a country

Question 3 of 10

4. When there is a large number of Christmas decorations in December, in economic terms, there is a large...?

A.Standard of Living

B.Tariff

C.Demand

D.Supply

Question 4 of 10

5. When there are few people who want to buy Christmas decorations in June, in economic terms, there is a low...?

A.GDP per capita

B.Supply

C.Demand

D.Tariff

Question 5 of 10

6. Examples of renewable resources are:

A.Eolic energy, Natural Gas, and Biodiesel.

B.Solar energy, ocean energy, and wind energy.

C.Hydropower, Biodiesel, and Hydrocarbons.

D.Hydrocarbons, geothermal energy, and wind energy.

Question 6 of 10

7. Which of the following is TRUE about tariffs?

A.They are put on exported goods

B.They make imported goods more expensive

C.They encourage other countries to trade with you

D.They make imported goods cheaper

Question 7 of 10

8. _________________ results in lower prices and better quality goods and services.

A.Consumer Sovereignty

B.Competition

C.Scarcity

D.Profit

Question 8 of 10

9. A market economy is based on…

A.the Gross Domestic Product

B.microeconomics

C.supply and demand

D.all of the above

Question 9 of 10

10. Which of the following did NOT take place during the Great Depression?

A.a decrease in the amount of money flowing in the economy

B.a worldwide recession

C.an increase in manufacturing

D.an increase in unemployment

Question 10 of 10

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Last Updated on November 29, 2024.