The Special-Interest Effect Is One That Yields

question 163

Multiple Choice

The special-interest effect is one that yields

• A)private benefits equal to external benefits.
• B)large external benefits compared to private benefits.
• C)small economic losses to a small number of people and large economic losses to a large number of people.
• D)large economic gains to a small number of people and small economic losses to a large number of people.

---

Definitions:

Owner in Common

A form of property ownership in which two or more individuals share ownership rights in a property without specific divisions among them.

Fungible Goods

Goods that are alike by physical nature, by agreement, or by trade usage. Examples are wheat, oil, and wine that are identical in type and quality.

Title

Legal ownership of property, including the rights to use, sell, or transfer the property.

Title

Legal ownership rights to property, signifying that the owner has the legal right to use, control, and dispose of the property.