Wealth Is

question 113

Multiple Choice

Wealth is

• A) the sum of the value of assets.
• B) equal to income.
• C) a flow variable.
• D) the sum of the value of assets minus the sum of the value of liabilities.

---

Definitions:

Collective Bargaining

A method where labor unions and employers negotiate contracts to determine salaries, working hours, benefits, and other employment terms.

Samuel Gompers

A prominent labor union leader who founded the American Federation of Labor (AFL) and was instrumental in advocating for workers' rights.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, formed in 1886 to advocate for improved job conditions and rights for workers.

Individual Liberty

The concept emphasizing the freedom of individuals from excessive government control or restrictive societal norms, prioritizing personal choices and rights.