_____ Is a Dispute Resolution Process That Brings Disputants Together

question 55

Multiple Choice

_____ is a dispute resolution process that brings disputants together with a third party who is trained in the art of helping people resolve disputes.The agreed-upon resolution is formalized into a binding consent agreement.

• A) Mediation
• B) Restitution
• C) Arbitration
• D) Litigation

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Definitions:

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction or activity.

Subsidy

A financial aid provided by the government or a public body to reduce the cost or price of goods and services, encouraging production or consumption.

Command-And-Control Policy

It refers to environmental policies that rely on regulations (permission, prohibition, standard setting, enforcement) rather than economic incentives or market solutions.

Air Pollution

Refers to the release of pollutants into the air that are detrimental to human health and the planet as a whole.