An impartial observer who attempts to settle disagreements by listening to both sides separately and making suggestions is called a(n)
a. collective bargaining agent
b. arbitrageur
c. mediator
d. binding negotiator
e. judge
Question 2
Suppose that workers in Transylvania can produce only two goods -- yo-yos or sweatsocks. The Transylvanian currency is the daler. In what unit is the opportunity cost of yo-yos measured?
a. dalers
b. dalers per yo-yo
c. dalers per sweatsock
d. yo-yos
e. sweatsocks