Examlex
What position did both the Democrats and Whigs support in the 1852 presidential election?
Special-Interest Effect
The phenomenon where policy decisions disproportionately benefit a small, particular group at the expense of the general public.
Free-Rider Problem
A situation where individuals consume a good or service without contributing to its cost, often leading to underprovision of that good.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used simultaneously by more than one person without diminishing availability to others.
Location Subsidies
Financial incentives provided by governments to encourage businesses to establish operations in specific areas, often to stimulate economic growth.
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