When People's Short-Term Selfish Interests Conflict with Long-Term Societal Needs

question 28

Multiple Choice

When people's short-term selfish interests conflict with long-term societal needs, it is known as ____.

• A)the bystander effect
• B)social loafing
• C)the commons dilemma
• D)the bad apple effect

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Definitions:

Bond Prices

are the market value of bonds, which inversely correlate with interest rates; when rates go up, bond prices typically go down, and vice versa.

Interest Rates

The proportion of a total amount of money that is levied for its utilization, typically stated on a yearly basis.

Money Supply

The absolute total of money-related assets within an economy at a particular time.

Depository Institutions

Financial institutions that accept deposits from the public and offer lending and other financial services.