Which of the Following Statements Is TRUE

question 69

Multiple Choice

Which of the following statements is TRUE?

• A) ADR, by its very nature, can be used in private law, but not in criminal law.
• B) ADR stands for "additional decision resolution."
• C) The decision received from an arbitrator is frequently immune from appeal.
• D) The process of negotiation tends to correct any imbalance in bargaining power, and therefore is usually preferred if one party is a consumer and the other is a large corporation.
• E) Mediation is normally binding, unless the parties agree otherwise.

---

Definitions:

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefit to society or achieves a desired outcome effectively.

Equitable Allocation

The fair and just distribution of resources among different groups or individuals.

Gains From Trade

The increase in utility or welfare that countries or individuals can achieve by specializing in the production of goods they are relatively more efficient at and exchanging them.