US GED Social Advanced Economics Test 6

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20 questions · All questions on one page

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GED & Citizenship — Test 6 (Ged Social Advanced Economics) High School & Adult (GED/Citizenship, USA) USA GED & USCIS (100 Civics) — USA

What is this test? for GED or US Citizenship (USCIS 100), USA — High School & Adult (GED/Citizenship, USA) level, USA.
For adults: GED (high school equivalency) or Naturalization/Citizenship (USCIS) in the USA — is this your path?
Section: GED & Citizenship — Test 6 (Ged Social Advanced Economics) · Education: High School & Adult · Part: GED & Citizenship — Test 6 (Ged Social Advanced Economics) · Country: USA

Civics knowledge is crucial for knowing individual rights and responsibilities and understanding government structure.

This test is designed to assess your knowledge of constitutional law and essential civics.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is minimum wage?

A) Legal pay floor

B) Maximum pay

C) No floor

D) Average pay

Question 2

What funds schools mostly?

A) Income taxes

B) Property taxes

C) Lotteries

D) Federal grants

Question 3

What is GDP?

A) Debt total

B) Tax total

C) Output value total

D) Trade total

Question 4

What is a loan?

A) Gift money

B) Saved money

C) Tax money

D) Borrowed money

Question 5

What is demand?

A) Wanted amount

B) Available amount

C) Price level

D) Sold total

Question 6

What is property tax?

A) Earnings levy

B) Real estate levy

C) Sales levy

D) No tax

Question 7

Provide the definition of deflation:

A) Rising prices

B) Flat wages

C) Falling prices

D) High taxes

Question 8

What best defines supply and demand?

A) Fixed prices

B) No market

C) Government sets

D) Price-setting forces

Question 9

Which term means "Rising prices"?

A) inflation

B) economics

C) scarcity

D) supply

Question 10

Provide the definition of a bank:

A) Store

B) Money keeper lender

C) School

D) Court

Question 11

Provide the definition of a bond:

A) Share

B) Bill

C) Lent money paper

D) Coin

Question 12

What best defines income tax?

A) Sales levy

B) Property levy

C) No tax

D) Earnings levy

Question 13

Which term means "Jobless seeking work"?

A) unemployment

B) economics

C) scarcity

D) supply

Question 14

Which term means "Supply over demand"?

A) economics

B) a surplus

C) scarcity

D) supply

Question 15

Provide the definition of trade:

A) No exchange

B) Gifts only

C) Buying selling across

D) Barter only

Question 16

Provide the definition of a stock:

A) Bond

B) Loan

C) Bill

D) Company share

Question 17

Which term means "Government levy"?

A) a tax

B) economics

C) scarcity

D) supply

Question 18

Which term means "Sold abroad good"?

A) economics

B) an export

C) scarcity

D) supply

Question 19

Provide the definition of welfare:

A) Free college

B) Tax cuts

C) Need-based assistance

D) Farm subsidies

Question 20

Which term means "Tax-spend management"?

A) economics

B) scarcity

C) supply

D) fiscal policy

US GED Social Advanced Economics Test 6

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