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An Arbitrator Must Be a Lawyer or a Judge in Good

question 79

True/False

An arbitrator must be a lawyer or a judge in good standing in the community where the arbitration is to take place.


Definitions:

Colonialism

A practice of domination, which involves the subjugation of one people to another, often involving the exploitation of resources, cultures, and territories.

Creative Destruction

A concept in economics introduced by Joseph Schumpeter, referring to the process where new innovations lead to the demise of older technologies or structures.

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit in a competitive market.

Centralized World

A global system in which political, economic, or cultural power is concentrated in a few central locations or authorities.

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