A craft labor union is made up of

A) groups of workers in an individual trade.
B) all the workers in a firm such as General Motors.
C) firms that employ similar labor skills.
D) an organization that controls the labor market in a particular industry.

Answer: A

Economics

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Define "autonomous consumption spending."

What will be an ideal response?

Economics

In 2011, U.S. GDP was

A) $15 trillion using the expenditure approach. B) $15 trillion using the income approach. C) $15 trillion using the expenditure approach and $14 trillion using the income approach. D) $16 trillion using the income approach and $14 trillion using the expenditure approach. E) both A and B are correct.

Economics