When Each Additional Resource Adds Increasing Amounts of Additional Output,it

question 26

Multiple Choice

When each additional resource adds increasing amounts of additional output,it refers to a situation of:

• A)constant returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)diminishing returns.
• E)increasing returns.

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Definitions:

Federal Arbitration Act

U.S. federal law that provides the legal foundation for the enforcement of arbitration agreements and governs the conduct of arbitration proceedings.

Summary Jury Trial

A shortened trial that serves as an alternative dispute resolution method, involving a jury which listens to a summary of the case and renders an advisory verdict.

Submission Agreement

A contract which provides that a specific dispute will be resolved in arbitration.

ADR Techniques

Alternative Dispute Resolution methods, including mediation, arbitration, and negotiation, used to resolve conflicts outside the traditional court system.