Legislation That Offers Immediate and Easily Recognized Benefits, at the Expense

question 9

Multiple Choice

Legislation that offers immediate and easily recognized benefits, at the expense of costs that are observable only in the distant future, is often enacted, even when economic inefficiency results. In economics this is referred to as the

• A) long-term effect.
• B) political-fallacy effect.
• C) shortsightedness effect.
• D) inefficiency effect.

---

Definitions:

Body System

A group of organs and structures that work together to perform a specific function vital for human life and health, such as the circulatory or digestive system.

Includes

Often used to specify a list of items or elements covered within a category or grouping.

ICD-9

The International Classification of Diseases, Ninth Revision, a coding system used to classify diagnoses and health problems.

ICD-10

The 10th revision of the International Classification of Diseases, a coding system for diagnosing and classifying diseases.