History Social Studies Test 12 American Democracy and Economics

Take the test: American Democracy and Economics

Question 1 of 11

1. Question
What is America’s true form of government?
- Democracy
- Republic
- Monarchy
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Question 2 of 11

2. Question
What is the Constitution of the United States for?
- To protect rights of the people
- To tax citizens
- To establish a relationship between the states
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Question 3 of 11

3. Question
What is a democracy?
- A democracy is ruled by the three branches of government
- A democracy is a form of government where laws apply equally to all citizens
- A democracy is a form of government in which laws are created by the people
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Question 4 of 11

4. Question
What is a republic?
- A form of government where the power is held by the people
- A form of government where all citizens have the same level of income and lifestyle
- A form of government where a monarch controls the people
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Question 5 of 11

5. Question
What is GDP?
- Gross Domestic Product, the market value of all goods and services within a country
- General Domestic Property, the market value of all real estate within a country
- Gross Domestic Product, the market value of exports in the United States
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Question 6 of 11

6. Question
Which is not a stock exchange?
- The New York Stock Exchange
- The London Stock Exchange
- The California Stock Exchange
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Question 7 of 11

7. Question
What is a federal surplus?
- When the federal government takes in more than it spends
- When the federal government spends more than it takes in
- When the federal government taxes citizens to cover government expenses
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Question 8 of 11

8. Question
What is Inflation?
- A general increase in prices
- A general decrease in prices
- A rise in goods but not services
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Question 9 of 11

9. Question
What is Deflation?
- A general rise in prices
- A general decrease in prices
- A decrease in services but not goods
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Question 10 of 11

10. Question
What is a stock market?
- An entity for trading company stock or shares
- An entity for selling companies to other companies
- An entity for bartering goods and services
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Question 11 of 11

11. Question
What is the Federal Reserve?
- The central banking system of the United States
- The central banking system of the United Nations
- The central banking system for the U.S. Congress
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History Social Studies Test 12 American Democracy and Economics

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