question archive Which of the following are examples of the shortsightedness effect? Check all that apply
Which of the following are examples of the shortsightedness effect? Check all that apply
Subject:EconomicsPrice:2.87 Bought7
Which of the following are examples of the shortsightedness effect?
Check all that apply.
A year before reelection, the governor of your home state increases the expenditures on education, despite their negative effects on state budget deficits in future years.
Two proposed bills, an increase in national defense spending and funding for education, are bundled together in order to gain the necessary number of votes to pass.
As of 2010, some estimates showed the U.S. government's Social Security program would face significant unfunded liabilities in the future. That is, the government may have promised benefits to future retirees without levying enough in taxes to pay the benefits.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Answer:
A year before reelection, the governor of your home state increases the expenditures on education, despite their negative effects on state budget deficits in future years.
(In this case, the benefits drawn by spending upon the education will be exceeded by the negative impacts in the future years)
As of 2010, some estimates showed the U.S. government's Social Security program would face significant unfunded liabilities in the future. That is, the government may have promised benefits to future retirees without levying enough in taxes to pay the benefits.
(In this case, the funding for the social security programs are not ensured by the putting in additional taxes. It may require the government to take additional debt to fund the social security program).
