Examlex
Match the term with the correct definition.
-OTC
Shortsightedness Effect
The tendency of policy makers or individuals to prioritize immediate benefits or gains over long-term interests and consequences, often leading to suboptimal outcomes.
Elected Representatives
are individuals chosen through elections to act and make decisions on behalf of a larger group in a legislative or governance role.
Borrowing
The act of obtaining or taking funds from another party with the promise of returning the principal, along with interest, at a later date.
Lobbying Efforts
Activities aimed at influencing public officials and legislators to enact or reject certain legislation or policies, often carried out by lobbyists or advocacy groups.
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