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The ________ the Amount of a Cost-That Is,the More Immaterial

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The ________ the amount of a cost-that is,the more immaterial the cost is-the less likely it is to be economically feasible to trace that cost to a particular cost object.


Definitions:

Diffuse Costs

Costs that are spread out over many consumers or taxpayers, making them hard to identify and attribute to any single action.

Median-Voter Model

A theory suggesting that the outcome of majority voting processes will reflect the preferences of the median voter.

Cost-Benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives, assessing the value of costs and benefits to support decision-making.

Paired-Choice Majority Votes

A voting method in which voters choose between pairs of candidates or options, with the majority preference deciding the outcome.

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