Social Studies Test Set 7

Last Updated on April 8, 2024.

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

1. In the economy, the terms trade and commerce are interchangeable.

A.True

B.False

C.It depends

D.It's not clear

Question 1 of 10

2. What is an example of intangible assets?

A.Google services

B.Google Patents

C.It's not clear

D.it depends

Question 2 of 10

3. Which of the following is a definition of economic specialization?

A.the ability to adapt to new economic policy

B.the ability to make large sums of money in a short period of time

C.the concentration of productivity in a specific area

D.It depends

Question 3 of 10

4. What is the name given to describe a person who undertakes a business venture and its inherent risks?

A.capitalist

B.CEO

C.producer

D.entrepreneur

Question 4 of 10

5. The United States Bill of Rights guarantees which of the following rights of individual people?

A.freedom of religion

B.freedom of speech

C.public trial before an impartial jury

D.all of the above

Question 5 of 10

6. What was Christopher Columbus looking for?

A.Columbus was looking for a new land.

B.Columbus was looking for a new route to Hawai.

C.Columbus was looking for the Northwest Passage, that would take him directly to Asia.

D.Columbus was looking for a route to Scandinavia.

Question 6 of 10

7. A debit card is similar to writing a check, whereas a credit card lends money to the consumer to purchase a product or service.

A.True

B.False

C.Both answers are true

D.It is not clear

Question 7 of 10

8. Jamestown was named after…

A. King James I of England

B.Jamestown in England

C.King James of Spain

D.I don't know

Question 8 of 10

9. What is the name of any group that serves as a liaison between employees and employers to guarantee fair working conditions?

A.employee act

B.corporations

C.trade union

D.labor union

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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