Relationships and Operation

Practice Questions

GED Social Studies › Relationships and Operation

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1

New York State wishes to encourage new businesses to come and open in many small towns in Northern New York, so it plans to offer __________ to provide cheaper land and lower taxes for start-up companies.

2

New York State wishes to encourage new businesses to come and open in many small towns in Northern New York, so it plans to offer __________ to provide cheaper land and lower taxes for start-up companies.

3

The exchange or trade of goods or services, without exchanging money, is called __________.

4

The exchange or trade of goods or services, without exchanging money, is called __________.

5

The seminal economic text of capitalism, The Wealth of Nations, was written by __________.

6

The seminal economic text of capitalism, The Wealth of Nations, was written by __________.

7

The economic system of European colonialism, whereby the colony exists solely to facilitate the redistribution of wealth, prosperity, and resources back to the mother country, is called __________.

8

The economic system of European colonialism, whereby the colony exists solely to facilitate the redistribution of wealth, prosperity, and resources back to the mother country, is called __________.

9

If there is a surplus of a product and little demand for it, the price of the product can be expected to __________

10

If there is a surplus of a product and little demand for it, the price of the product can be expected to __________

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