In Class Action Lawsuits, Interested Parties to the Lawsuit Are

question 421

Multiple Choice

In class action lawsuits, interested parties to the lawsuit are not required to pay attorney fees directly. This is an example of an attempt to

• A)maximize attorney fees.
• B)reduce the incentive of attorneys to file class action lawsuits.
• C)reduce the transaction costs of finding a private solution to an externality.
• D)regulate attorney fees.

---

Definitions:

Highway Spending

Government expenditure on the construction and maintenance of road infrastructure, which is crucial for economic development, transportation efficiency, and public safety.

Administrative Burden

The costs associated with regulatory compliance, paperwork, and bureaucratic procedures that organizations must bear.

Tax Laws

Legislation and regulations governing the collection of taxes by authorities to fund public services and infrastructure.

Efficient Tax System

A tax framework that maximizes revenue without discouraging economic activity or putting undue burden on taxpayers, ensuring fairness, compliance, and minimal distortion in economic decisions.