The Circular-Flow Diagram Is Important Because It Shows That the Flow

question 115

Multiple Choice

The circular-flow diagram is important because it shows that the flow of money into each market or sector of the economy is _____ the flow of money coming out of that sector.

• A) greater than
• B) equal to
• C) less than
• D) unrelated to

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Definitions:

Doctrine

A principle or set of principles laid down by an authority as incontrovertibly true, often used in legal, religious, or philosophical contexts.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law which protects the rights of employees to organize and bargain collectively.

Majority

The greater part or number; in a voting context, it refers to more than half of the votes.

Union

An organized association of workers formed to protect and further their rights and interests; typically involved in labor negotiations and bargaining with employers.