GED Social Studies Study Guide questions with Complete Solutions
Consider the following statements:
When prices rise, supply increases. When prices fall, supply decreases. When prices increase, demand falls. When prices fall, demand increases.Which of the following is true? - A. Farmers will produce additional beans when the price per ton goes down by $10.
- Manufacturers will produce more tires when the price per tire goes up by $8.
- Consumers will buy more apples when the price per dozen goes up by $1.50.
- Consumers will buy less ice cream when the price per carton goes down by $1.
Answer: B
This is a case of rising prices leading to increasing supply. When the price of tires goes up, manufacturers will work to produce more tires in order to profit from these high prices. Over time, this increased production will start to push prices back down.
Review the following timeline:
1932 - FDR is elected to his first term as president.1933 - FDR signs a law repealing Prohibition.1936 - FDR is elected to a second term in office.1940 - FDR is elected to a third term in office.1941 - Japan attacks Pearl Harbor and the US enters WWII.1944 - FDR is elected to a fourth term in office.1945 - The US wins WWII.1947 - The 22nd Amendment is introduced which limits presidents to two four-year terms.What conclusion is supported by the information in the timeline? - A. The 22nd Amendment was passed in response to FDR's unprecedented four terms in office.
- The attack on Pearl Harbor helped FDR win a third term in office.
- FDR failed to fulfill a campaign promise to repeal Prohibition.
- Voters elected FDR to a fourth term in order to show their appreciation for victory in
WWII.
Answer: A
The following are excerpts from the U.S. Constitution:
Article 1, Section 8 - "The Congress shall have Power To...raise and support Armies...To provide and maintain a Navy...to provide for organizing, arming, and disciplining, the Militia." Article 2, Section 2 - "The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States." - A. Federalism
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