Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 5 - Government's Role and Government Failure - Discussion Questions: 6

Answer

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Work Step by Step

The answer to this question changes based on the expert that you ask, but what most experts agree upon is politicians will do what will help them promote their policy and/or get them reelected. Thus, longer term projects are less of a priority as their constituents will not be able to see the benefits until after the next election.
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