Examlex
Match the term with the definition.
-Legislation passed in 1935 and 1937 that sought to avoid entanglement in foreign wars while protecting trade.It prohibited selling arms to nations at war and required nations to pay cash for nonmilitary goods and to transport them in their own ships.
Special-Interest Effect
The phenomenon where a small group gains substantially through an action or policy while the larger population bears the cost, often seen in political lobbying.
Bureaucratic Inefficiency
The delay and ineffectiveness often experienced within organizations, especially large ones, due to complex procedures and red tape.
Positive Externalities
Benefits that are enjoyed by a third-party or the society at large as a result of an economic activity.
Logrolling
The practice of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.
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