Which of the Following Statements Is TRUE of Interest Arbitration

question 9

Multiple Choice

Which of the following statements is TRUE of interest arbitration?

• A) Most interest arbitration in the United States occurs in the public sector under compulsory statutes.
• B) In the case of interest arbitration, the decision given by the arbitrator is not binding on either of the parties.
• C) Interest arbitration in the public sector is governed by the Employee Free Choice Act.
• D) Interest arbitration in the private sector is mandatory and generally follows a strike.

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Definitions:

Equilibrium Pricing

The point at which the supply of a product matches demand, setting the market price.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Imposition

The act of establishing or applying something by authority or force, often referring to taxes, duties, or policies.

Tax

A necessary tax or other charge placed on individuals by a government agency, with the purpose of generating revenue for government operations and miscellaneous public outlays.