Final answer:
The primary function of monitoring and balancing air traffic flows is performed by the Federal Aviation Administration (FAA). They oversee the airline industry and use advanced technologies to ensure the safe and efficient management of air traffic.
Step-by-step explanation:
As an agency of the United States government, the FAA oversees the airline industry and is responsible for ensuring safe and efficient air traffic management. This involves monitoring and controlling the movement of aircraft, managing air traffic flow to prevent congestion, and maintaining the overall safety of the national airspace system.
The FAA uses advanced technologies, such as radar systems and air traffic control towers, to monitor and regulate air traffic. They work closely with air traffic controllers, pilots, and other aviation professionals to ensure the smooth operation of air traffic flows.