Which Non-Litigious Approach Is Becoming an Effective Method of Obtaining

question 117

Multiple Choice

Which non-litigious approach is becoming an effective method of obtaining compliance with CETA?

• A) Binding arbitration
• B) Compulsory mediation
• C) Negotiations to solutions that bring compliance with the legislation, thereby avoiding prosecution and punishment
• D) First Nations talking circles
• E) Tort of trespass

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Definitions:

Shortage

A condition in which the amount of a good offered for sale by producers is less than the amount demanded by buyers at the existing price. An increase in price would eliminate the shortage.

Price Ceiling

A legal maximum price that can be charged for a good or service, above which it cannot rise, often set by government.

Shortage

A market condition in which the demand for a product exceeds its supply at a particular price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to buy.