Examlex
Generally, the body of a speech composes about ______ of the presentation.
Structure of Incentives
The arrangement or design of rewards and penalties that influence the behavior of individuals and organizations towards certain actions over others.
Spillover Effects
Spillover Effects are unintended consequences of an economic activity that affect third parties who are not directly involved in the activity itself.
Nonconsenting Third Parties
Nonconsenting third parties are individuals or groups that are affected by the actions of others without having agreed to or participated in the decision-making process.
Externalities
Costs or benefits that affect a party who did not choose to incur those costs or benefits, often leading to market failure if not addressed.
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