Which Type of Dispute Settlement Mechanism Involves a Third Party

question 19

Multiple Choice

Which type of dispute settlement mechanism involves a third party or Elders' council who have the authority to reach a decision among the parties involved in the dispute?

• A) the chieftainship system
• B) the self or kin based system
• C) the advisor system
• D) the mediator system

Understand the concepts and mechanisms of speciation, including sympatric and allopatric speciation.

Describe the role of genetic variation and natural selection in the evolution of species.

Explain the significance of reproductive isolating mechanisms in the speciation process.

Identify the factors that contribute to the diversification of species in different habitats.

---

Definitions:

Short-Run Average Total Cost (ATC₂)

The total cost divided by the quantity produced in the short-run, where some inputs are fixed.

Diminishing Marginal Returns

A principle stating that if one factor of production is increased while others are kept constant, the resulting increase in output will eventually decline.

Short-Run Average Total Cost (ATC)

The total cost per unit of output in the short run, where some factors of production are fixed.

Profit-Maximizing Level

The output level at which a firm achieves the highest profit, where marginal revenue equals marginal cost.