GED Social Studies : Economic Principles
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Example Questions
Example Question #31 : Economic Principles
The exchange or trade of goods or services, without exchanging money, is called __________.
bartering
gambling
commiserating
agitating
wagering
bartering
To barter is to exchange goods or services with someone else without the use or exchange of money. Throughout human history, bartering has been a common means by which goods are exchanged between individuals or social groups.
Example Question #32 : Economic Principles
Collective bargaining is __________.
the belief that the Supreme Court should take an active role in pushing forward the national agenda
negotiations between an employer and a group of employees to set terms and payment rates
the belief that the small minority of the population that controls the vast majority of wealth has no need to participate in the political system and can control society outside of the democratic process
the belief that the working class can exert control over the middle and upper classes by refusing to work
negotiations between two or more nations to establish trade or research agreements
negotiations between an employer and a group of employees to set terms and payment rates
Collective bargaining is the term given to negotiations between an employer and a group of employees—usually a union. The purpose is to agree upon terms of employment, wage, payment structure, and so on.
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