Other Economic Operations - GED Social Studies

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Question

Collective bargaining is __________.

Answer

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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Question

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

Answer

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.

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