Social Studies Test Set 7 1. In the economy, the terms trade and commerce are interchangeable.A.TrueB.FalseC.It dependsD.It's not clearQuestion 1 of 10 2. What is an example of intangible assets?A.Google services B.Google PatentsC.It's not clearD.it dependsQuestion 2 of 10 3. Which of the following is a definition of economic specialization?A.the ability to adapt to new economic policyB.the ability to make large sums of money in a short period of time C.the concentration of productivity in a specific areaD.It dependsQuestion 3 of 10 4. What is the name given to describe a person who undertakes a business venture and its inherent risks?A.capitalistB.CEOC.producerD.entrepreneur Question 4 of 10 5. The United States Bill of Rights guarantees which of the following rights of individual people?A.freedom of religionB.freedom of speechC.public trial before an impartial juryD.all of the aboveQuestion 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.TrueB.FalseC.Both answers are trueD.It is not clearQuestion 7 of 10 8. Jamestown was named after…A. King James I of EnglandB.Jamestown in EnglandC.King James of SpainD.I don't knowQuestion 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 actB.corporationsC.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 economyB.A worldwide recession C.An increase in manufacturingD.An increase in unemployment Question 10 of 10 Loading... Take another Social Studies test This test is a part of our GED Social Studies Practice Test module. Last Updated on October 12, 2021.