In the Context of Alternative Dispute Resolution,mediators __________

question 81

Multiple Choice

In the context of alternative dispute resolution,mediators __________.

• A) can impose a binding solution on all disputing parties
• B) typically use the principles of interest-based negotiations
• C) must meet the licensing requirements for their decisions to be used in court if a dispute proceeds to litigation
• D) typically help parties prepare for litigation
• E) act as a necessary precursor to arbitration

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Definitions:

Rational Expectationist

An economist who believes that individuals make predictions about the future based on all available information, adjusting their behavior accordingly.

Supply-side

An economic theory that emphasizes the role of supply in fostering economic growth by reducing taxes and decreasing regulation, with the intent of increasing production.

Monetarism

A school of economics that places paramount importance on money as the key determinant of the level of prices, income, and employment.

Velocity of Circulation

The rate at which money is exchanged in an economy, often used to represent the activity level in the financial system.