Statements is true of an arbitrator

Assignment Help Microeconomics
Reference no: EM13697492

Which of the following statements is true of an arbitrator?

A. An arbitrator must have a background in law.

B. An arbitrator is usually assigned by a court.

C. An arbitrator has no say on the substantive and procedural rules to be followed.

D. An arbitrator's decision is called an award.

Reference no: EM13697492

Questions Cloud

True of the restatements of the law : Which of the following is true of the Restatements of the Law?
Capital flight is a concern for several african countries : Capital flight is a concern for several African countries. For example, according to data collected by the World Bank, over the last decade capital flight reduced the effective yearly saving rate of Chad from 20% to 11%. Recent estimates show t..
Statements is true of substantive due process : Which of the following statements is true of substantive due process?
Difference between arbitration and mini trials : Which of the following is a difference between arbitration and mini trials?
Statements is true of an arbitrator : Which of the following statements is true of an arbitrator?
Suppose that portugal and austria both produce rye : Suppose that Portugal and Austria both produce rye and cheese. Portugal's opportunity cost of producing a pound of cheese is 5 bushels of rye while Austria's opportunity cost of producing a pound of cheese is 10 bushels of rye.
About a defendants case : Which of the following statements is true about a defendant's case?
A firm produces a product in a competitive industry : A firm produces a product in a competitive industry and has a total cost function (TC) of TC(q)=90+8q+2q2  and a marginal cost function (MC) of  MC(q)=8+4q.
Money received from the sale of an additional team of paper : An office supply store sells a team of printer paper at a fix price of $4.50. Which of the following is a term used by economist to diatribe the money received from the sale of an additional team of paper?

Reviews

Write a Review

Microeconomics Questions & Answers

  Compare goals of revenue-maximization vs profit-maximization

A monopolist faces the price equation: P=1,000-0.5Q and total cost: C=50,000 +100Q + .4Q^2. A. Determine the price and output that maximize total revenue, and the level of profit. B. Determine the price and output that maximize profit and the leve..

  Representatives passed legislation to increase minimum wage

Recently, the House of Representatives passed legislation to increase the minimum wage in the nation from $5.15 to $7.50. What are the pros and cons of this proposal? Provide an analysis based on the demand and supply of labor.

  Compute rate of inflation between 2012 and 2013 assuming

the table below shows the hypothetical baskets of consumption goods for a typical penn state college student for 2012

  The supply and demand for mandarin-english

The supply and demand for Mandarin-English

  If you have the utility function uxy min3x y 4y where x

if you have the utility function uxy min3x y 4y. where x is measured on the horizontal axis and y is on the vertical

  How to adjust nominal rate

Suppose that consumption depends on the level of real money balances (on the grounds that real money balances are part of wealth). Show that if real money balances depend on the nominal interest rate, then an increase in the rate of money growth a..

  Calculate the average total cost at these different sales

Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be $60,000, and if it sold 1000 units per day, it would have a total cost of $55,..

  Most major multinational corporations

Toyota Motor Corp., like most major multinational corporations, enjoys easy access to world financial markets. Explain why the NPV approach is the most appropriate tool for Toyota=s investment project selection process.

  Data for a monopolist’s total revenue total cost

Data for a monopolist’s total revenue (tr), total cost (tc), and output (q), for 48 consecutive months, appear in the file data#1. Suppose that the monopolist’s economic models for total revenue and total revenue and total cost are given respectively..

  Since economists do not favour trade restrictions

Since economists do not favour trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for Infant Industries. Are there any arguments for trade restrictions that most economists would..

  How much would wyandotte have to decrease the price of

wyandotte chemical company sells various chemicals to the automobile industry. wyandotte currently sells30000 gallons

  Calculate your price elasticity of demand of widgets

Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd