Economists Use the Term Shortsightedness Effect to Describe Which One

question 40

Multiple Choice

Economists use the term shortsightedness effect to describe which one of the following phenomena?

• A) Politicians tend to support actions that have immediate and easily recognized current benefits.
• B) Individuals are apt to spend their income on goods that bring immediate personal benefits.
• C) Voters elect politicians on the basis of campaign promises, regardless of what they may do once they are in office.
• D) Politicians support the programs of special interest groups in order to get elected; however, special interest support may be detrimental later, costing politicians popularity after the programs are implemented.

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Definitions:

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Adrenal Glands

A pair of endocrine glands that release hormones that prepare the body for emergencies and stressful situations and also release corticoids and small amounts of the sex hormones.

Pituitary Gland

The endocrine gland located in the brain that releases hormones that activate other endocrine glands as well as growth hormone; often called the “master gland.”

General Adaptation Syndrome (GAS)

A theoretical model describing the body's short-term and long-term reactions to stress.