Charlie and sally are contending parties to a lawsuit involving the division of their inheritance from their grandmother. they wish to settle their case out of court. charlie and sally engage in discussions and bargaining with the presence of their attorneys and finally decide that charlie keeps their grandmother's real estate while sally gets everything else. in this scenario, the method of alternative dispute resolution is used.

Collaborative law

Explanation:

This scenario of Alternative disputes resolution, which involves settling disputes outside court where each party has an attorney that helps in the resolution process.

The parties, Charlie and Sally reach an agreement with the support of their trained attorneys.

It is important to note that this agreement was not imposed on either of the parties, fitting with the term collaborative law since it involves collaborative efforts.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know