Under Which of the Following Questions of Protocol Would You

question 25

Multiple Choice

Under which of the following questions of protocol would you find a bargaining relationship discussion about procedural issues that should occur before the major substantive ones have been raised?

• A) What agenda should we follow?
• B) Where should we negotiate?
• C) What is the time period of the negotiation?
• D) What might be done if negotiation fails?
• E) How will we keep track of what is agreed to?

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Definitions:

Second Best

Refers to a situation wherein the optimal condition cannot be achieved, and the best possible alternative under the given restrictions is adopted.

Previously Existing Distortions

Inefficiencies or imperfections already present in a market before a new policy or change was implemented.

Distortionary Tax

A tax that causes people to alter their behavior and economic decisions from what they would have chosen in the absence of the tax.

Principle of Neutrality

The concept that certain measures, such as fiscal policies, should be designed to have a neutral effect on economic choices and competition.