GED Social Studies Exam 2023/2024 Questions with Correct Answers 100% Verified Graded A+ Monarchy - Correct Answer One person from a royal family is ruler Dictatorship - Correct Answer Absolute power of one leader Oligarchy - Correct Answer Governed by a smart upper class group Representative democracy - Correct Answer people elect officials to represent their views Central Government - Correct Answer Also known as Federal Government Legislative branch - Correct Answer Branch of the federal government that makes laws Executive branch - Correct Answer Branch of the federal government that carries out laws Judicial branch - Correct Answer Branch of the federal government that interprets laws Checks and balances - Correct Answer A system that regulates the power of the federal government branches Veto - Correct Answer refuse; not accept Republicans and Democrats - Correct Answer two main political parties in US Immigrants - Correct Answer People moving to another country Three basic economic systems - Correct Answer Capitalism, Socialism, Communism Recession - Correct Answer Period of low productivity and income Depression - Correct Answer Severe recession Inflation - Correct Answer Increase in prices Deflation - Correct Answer Decrease in prices Communism - Correct Answer Economic system where government interference is the most
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