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GED Social Studies Exam (2023 – 2024) Complete Solution
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GED Social Studies Exam (2023 – 2024) Complete Solution
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GED Social Studies Exam (2023 – 2024)Complete Solution
Monarchy –ANS: One person from a royal family is ruler
Dictatorship - ANS: Absolute power of one leader
Oligarchy - ANS: Governed by a smart upper class group
Representative democracy - ANS: people elect officials to represent their views
Central Government - ANS: Also known as Federal Government
Legislative branch - ANS: Branch of the federal government that makes laws
Executive branch - ANS: Branch of the federal government that carries out laws
Judicial branch - ANS: Branch of the federal government that interprets laws
Checks and balances - ANS: A system that regulates the power of the federal
government branches
Veto - ANS: refuse; not accept
Republicans and Democrats - ANS: two main political parties in US
Immigrants - ANS: People moving to another country
Three basic economic systems - ANS: Capitalism, Socialism, Communism
Recession - ANS: Period of low productivity and income
Depression - ANS: Severe recession
Inflation - ANS: Increase in prices
Deflation - ANS: Decrease in prices
Communism - ANS: Economic system where government interference is the most
Capitalism - ANS: Economic system where government interference is the least
Federal Reserve System - ANS: Keeps economy in balance
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