Social Studies Practice Test 2

These questions are written by our Social Studies guru and are similar to the GED Test. Each question has four or five answer choices. Choose the best answer for each question.

 

Question 1 of 10

1. What landmark economic decision was made at the Bretton Woods Conference in Bretton Woods, New Hampshire in July 1944?
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B.
C.
D.

Question 1 of 10

Question 2 of 10

2. Which President of the United States removed the US dollar from the gold standard?
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B.
C.
D.

Question 2 of 10

Question 3 of 10

3. What is the name of the economic philosophy popular in the 1980s and commonly referred to as “trickle down” economics?
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B.
C.
D.

Question 3 of 10

Question 4 of 10

4. Which famous economist is responsible for developing an economic principle that infuses private sector and public sector action to keep the economy strong, especially in times of a recession? 
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B.
C.
D.

Question 4 of 10

Question 5 of 10

5. In economics, what is the term for a past cost that has already been incurred and cannot be recovered?
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B.
C.
D.

Question 5 of 10

Question 6 of 10

6. What is the economic philosophy that empowers businesses and consumers to provide goods and services without the interference from regulations, tariffs, taxes, or any other government-imposed sanctions?
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B.
C.
D.

Question 6 of 10

Question 7 of 10

7. What is the term for a business that does not have any competition within a sector of a market and impedes other competitors from holding a viable position within that market? 
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B.
C.
D.

Question 7 of 10

Question 8 of 10

8. What is the term for when the purchasing power of currency for goods diminishes over time due to the cost of the goods increasing over time?
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B.
C.
D.

Question 8 of 10

Question 9 of 10

9. Which of the following statements about the judicial branch of the U.S. Government is incorrect?
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B.
C.
D.

Question 9 of 10

Question 10 of 10

10. Which of the following is one of the largest agencies created through Franklin D. Roosevelt’s New Deal initiative during the Great Depression?
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B.
C.
D.

Question 10 of 10


 

These practice tests are part of our GED online prep program, click here to read how it works. These practice tests are meant to discover which areas you are weak or strong. You don’t need to study for all four tests at once, and the real TASC, HiSET, or GED test may be more difficult than this practice test, so you may very well take one more these practices test to improve your chances.

Disclaimer This practice test is not related to the Official GED Practice Test™ produced and distributed by the American Council on Education (ACE) and the GED Testing Service. ACE and GED Testing Service LLC have not approved, authorized, endorsed, been involved in the development of, or licensed the substantive content of this practice test.