When No Regular, Effective Means of Resolving a Conflict Are

question 16

Multiple Choice

When no regular, effective means of resolving a conflict are available, __________.

• A) violence is commonly used to settle a dispute
• B) ordeals are arranged for the opposing parties
• C) wars are the common result
• D) men must pick sides and battle until the dispute is resolved

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied equals the quantity demanded at the market price, achieving market balance.

Output

The cumulative quantity of products or services generated by a company, sector, or economic system within a specific timeframe.

Market

A medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange.

No Externality

A situation where private costs or benefits are equal to social costs or benefits, with no spillover effects on third parties.