✅ Explanation: Non-economic (free) goods are provided by nature in abundance and do not require effort or payment to obtain.❌ Others: Bread, haircuts, and phones are economic goods because they are scarce and produced at a cost.
✅ Explanation: The budget is the financial document that balances expected tax revenues with planned government spending.❌ Others: GDP measures total production; the national debt is the accumulation of past deficits.
This final test for 8th-grade Social Studies, based on the textbook by , covers key topics including the economy, social structure, and political systems. Final Test: Social Studies (Grade 8)
✅ Explanation: The Central Bank is the "bank of banks" responsible for monetary policy and the national currency.❌ Others: Commercial banks, not the Central Bank, interact directly with citizens for loans or retail services.