Examlex
Which of the following types of laws generally involves violations of private acts, such as contracts, property disputes, and family law?
Special-Interest Effect
A situation where policy decisions primarily benefit a small group, often at the expense of the larger public.
Spillover Costs
Costs incurred by third parties as a result of economic activities that are not reflected in market transactions.
Concentrated Benefits
Advantages that are significantly focused on a small group rather than being distributed widely across many individuals.
Diffuse Costs
Costs that are spread out over many consumers or taxpayers, making them hard to identify and attribute to any single action.
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