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In the Circular Flow, ________ Supply the Factors of Production

question 45

Multiple Choice

In the circular flow, ________ supply the factors of production, and ________ goods and services.


Definitions:

Legal Right

A right that is recognized by and enforced through a legal system, protecting individuals' freedoms, interests, or entitlements under the law.

Railway Labor Act

A United States federal law that aims to substitute bargaining, arbitration, and mediation for strikes in the resolution of labor disputes in the railway and airline industries.

Secret Ballot Elections

A voting method in which voters' choices are anonymous, safeguarding the confidentiality of the voting process, often used in union representation elections and political elections.

Unionized Workers

Workers belonging to a labor union that advocates for their rights in discussions with employers.

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