A firm willeventually go out of business if it continues to incur losses. ECONOMICS IN ACTION, ' NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y. 91 THE CIRCULAR FLOW OF ECONOMIC ACTIVITY-LESSON 10.
INTRODUCTION Tennesseeâs legislative branch of government is dominated by a bicameral General Assembly consisting of both a Senate and House of Representatives.This structure has existed since the Assemblyâs first meeting in Knoxville in the winter of 1796, following which Tennessee became the 16th state in the Union.NTRODUCTION Tennesseeâs legislative branch of government is dominated by a bicameral General Assembly consisting of both a Senate and House of Representatives.
Other House leaders, such as the majority and minority leaders, are elected by their respective party caucuses relative to their party's strength in the House. The current Speaker of the House is Democrat Frank Chopp (D-Seattle) of the 43rd Legislative District. The Speaker Pro Tempore is Jim Moeller (D-Vancouver) of the 49th Legislative District. The Majority Leader is Pat Sullivan (D-Covington) of the 47th Legislative District.