Examlex
Explain why closely-spaced contour lines on an upper-level isobaric chart are associated with fast winds.
Principal-Agent Problem
A situation in which there is a conflict of interest between a principal (such as an owner) and an agent (such as a manager), because the agent may not act in the best interest of the principal.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction they were not involved in, such as pollution.
Unethical And Illegal Behavior
Actions that are morally wrong and prohibited by law, ranging from fraud and corruption to violations of human rights.
Paradox Of Voting
The situation where the individual incentive to vote (given the small chance of influencing the outcome) contrasts with the collective benefit of everyone voting.
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