Examlex
Which of the following was true regarding sub-prime mortgages that were popular in 2005-2006?
Monopsony
A market in which a single buyer has no rivals.
Collective Bargaining
The process by which employers and unions negotiate terms of employment, including wages, working hours, and working conditions, to reach a labor agreement.
Economic Disruption
A significant disturbance to the normal functions of an economy caused by external or internal events.
Labor Union Membership
The status of workers who belong to an organization that represents their collective interests in negotiations with employers regarding wages, hours, benefits, and working conditions.
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