GED Social Studies : Other Economic Operations

Study concepts, example questions & explanations for GED Social Studies

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Example Questions

Example Question #1 : Other Economic Operations

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

Possible Answers:

commiserating

wagering

agitating

bartering

gambling

Correct answer:

bartering

Explanation:

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 #2 : Other Economic Operations

Collective bargaining is __________.

Possible Answers:

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

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 Supreme Court should take an active role in pushing forward the national agenda

the belief that the working class can exert control over the middle and upper classes by refusing to work

Correct answer:

negotiations between an employer and a group of employees to set terms and payment rates

Explanation:

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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