Multiple Choice
What is the meaning of "a defective telescopic faculty," as described by A.C.Pigou?
A) Persons are unable to plan rationally for consumption.
B) Persons zero in on something and cannot consider alternatives.
C) Persons seek long-term goals and ignore present problems.
D) Persons are unable to give adequate weight to the future.
Correct Answer:
Verified
Correct Answer:
Verified
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