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:

Management Information Systems

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An innovation that significantly alters the way that industries operate, often displacing established market leaders.

Subscription Charges

Fees paid regularly (e.g., weekly, monthly, annually) to subscribe to a service or product.