GED Social Studies : Individuals and Institutions
Study concepts, example questions & explanations for GED Social Studies
All GED Social Studies Resources
Example Questions
Example Question #11 : Economic Principles
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.
moralizers
incentives
justifications
edicts
abstracts
incentives
An "incentive" is some advantage (lower taxes, cheaper land, access to resources or market, etc.) that a government can offer to a business or a type of businesses to encourage the growth and spread of business in their area.
Example Question #12 : Economic Principles
The degree or intensity of wealth and material comfort experienced by a group of people is referred to as __________.
the Reverse-Income Effect
gross national product
the Butterfly Effect
the Consumer Price Index
the standard of living
the standard of living
The Standard of Living in a country, or region, refers to the quality of life, material wealth, and comfort experienced by the people living there. America and Europe have comparatively high standards of living, while the majority of Africa and Asia have comparatively low standard of living.
All GED Social Studies Resources
