Which of the Following Statements Is the Most Accurate Assessment

question 37

Multiple Choice

Which of the following statements is the most accurate assessment of the historical role of the AFL in the labor movement? In its early years the AFL:

• A) attracted a lot of public attention and political support because it was the first truly national labor organization in the United States.
• B) operated as one union, but soon split into two interdependent groups and became known as the AFL-CIO.
• C) was a federation of craft unions that championed basic labor issues.
• D) had limited success because it suffered from poor leadership.

Understand what constitutes an investment and the impact of recessions on it.

Understand the composition and impact of fixed investment in today's economy.

Recognize the role and definition of investment in the context of economic theory.

Calculate and interpret the effect of changes in disposable income on consumption, investment, and saving.

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Definitions:

Asch

Refers to Solomon Asch, the psychologist famous for his research on conformity, including his experiment demonstrating how group pressure can lead individuals to conform to an incorrect answer.

Straight Lines

The simplest form of lines in geometry that extend infinitely in opposite directions without curving.

Social Pressures

The influence exerted by society or social groups on individuals, encouraging them to conform to specific norms or behaviors.

Social Psychologists

Scientists who study how individuals think, feel, and behave in social contexts, including how people influence and interact with each other.