Critics of the Use of Public Sector Binding Arbitration When

question 24

Multiple Choice

Critics of the use of public sector binding arbitration when a negotiation impasse occurs claim a chilling effect on the negotiation process, referring to:

• A) The cool attitude most negotiators have toward arbitrators.
• B) The public's cold response to quick impasse settlements.
• C) The arbitrator's lack of public sector labor history.
• D) The arbitration process is merely a compromise between final positions, discouraging concessions.

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Definitions:

Price-Elastic Supply

A situation where the quantity supplied of a good changes significantly as a result of changes in its price.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and fuel, to generate revenue or discourage consumption.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Price Elasticity

An indicator of the sensitivity of demand for a product to variations in its price.