Individuals, businesses, and countries all face the basic economic problem of limited resources to satisfy needs and wants

Which type of dispute resolution involves a process of having the parties to a dispute present their evidence and arguments to a neutral third party for decision?

a. Mediation b. Conciliation c. Arbitration d. Mini-trial

Jason has decided to sell his stock in an energy company because gas and oil prices as well the price of his stock have declined in 5 of the last 6 months. Jason has most likely fallen into the trap known as

A) loss aversion. B) representativeness. C) narrow framing. D) biased self-attribution.