Answer:
True.
Explanation:
Arbitration and mediation are two alternative ways of resolving legal conflicts, that is, they are alternatives to judicial litigation.
Thus, arbitration involves the selection of an impartial third party (similar to a judge), who will decide through an award who of the parties is right, basing his decision on law, morals, ethics or common sense.
For its part, mediation involves a negotiation between the parties, assisted by a third party, the mediator, who will seek to reach an agreement.
Both alternatives imply that a lawsuit is not initiated, which in itself entails a notable economic and time saving for the parties in conflict.
False. As trade will also cause the average level of wages in an economy to rise and not fall.
<h3>The relationship between free trade and wages</h3>
Free trade results in an increase in all factor incomes, including wages, interest rates, profits, and rents, which raises GDP and makes more money available for company investment, which boosts global trade.
Trade will increase the average pay level in an economy because it increases the amount that an economy can produce by allowing businesses and workers to take use of their comparative advantages.
Therefore, employers will value employees who can create more, which will cause the demand for their labor to move to the right and raise earnings in the labor market. Contrarily, trade restrictions will cause an economy's average pay level to decline.
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<span>If the Fed expands the money supply by $1
trillion, the money market will be (letter C.) the equilibrium interest rate
will fall, and more money will exchanged in equilibrium. It is because people
will have more money to spend. Some would choose to use this money to buy goods
and services while other opt to put their money in banks which may lead to
lower interest rates to persuade people in borrowing. </span>
Answer:
Feature fatigue.
Explanation:
Feature fatigue is an inclination for buyers to avoid products that seem, by all accounts, to be feature-rich. It is a cutting edge wonders that has happened because of the blast in the quantity of features stuffed into products and services.
Answer:
prior to using the <u>Assumed names</u>
Explanation:
An insurance producer must get himself or his organization registered before doing any business of insurance.
For this there are certain rules as related to the names of such business.
There is the requirement to follow the rules and regulations.
If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.
This is to ensure that the name shall not be registered with some other organization.
Thus, no assumed names to be used, before prior permission is received from the commissioner.
