What Would Be the Last Step in the ADR Process

question 21

Multiple Choice

What would be the last step in the ADR process?

• A) Peer review
• B) Mediation
• C) Arbitration
• D) Fact-finding

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Definitions:

Tariff

A levy placed by a government on imports to manage trade amounts and safeguard local sectors.

Brazilian Ethanol

Ethanol fuel produced in Brazil, primarily from sugarcane, used as a biofuel alternative to gasoline.

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a product and the actual price they pay, reflecting consumer gain.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive.