Examlex
Consider the circular flow of expenditure and income in the Canadian economy.Which of the following is an injection into the circular flow?
Inherited
Assets or properties received from ancestors or previous generations through a legal process called inheritance.
Utilitarian Justification
A moral philosophy that advocates for actions that maximize happiness and well-being for the majority of a population.
Diminishing Marginal Utility
The principle that as a person consumes more of a good, the satisfaction (utility) from consuming each additional unit decreases.
Maximin Criterion
The claim that the government should aim to maximize the well-being of the worst-off person in society.
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