Asked by Kathleen Julito on May 05, 2024

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For economists,"myopia" refers to:

A) visual nearsightedness.
B) people's difficulty in conceptualizing the future.
C) people's tendency to put too much emphasis on the future and ignore important present concerns.
D) people's tendency to focus on microeconomic concerns because of an inability to conceptualize macroeconomics.

Myopia

A condition in which close objects appear clearly, but far ones don't.

Conceptualizing

The process of forming concepts or ideas to understand or explain various phenomena.

Visual Nearsightedness

A common eye condition characterized by difficulty seeing distant objects clearly while close objects appear normal, also known as myopia.

  • Comprehend the significance of personal discipline, shortsightedness, and initial pledges in the administration of personal finances and behavioral tendencies.
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ZK
Zybrea KnightMay 08, 2024
Final Answer :
B
Explanation :
In economics, "myopia" refers to people's difficulty in conceptualizing the future, including the long-term effects of their decisions and the impact of economic policies over time. This can lead to shortsighted decision-making and failure to address long-term economic concerns.