Hovey, Noah, Bus 2513 50, Macro Economics essay
1. Write a short essay on Myopia and the economic impact of present vs. future mindset.
In an economists mind, Myopia referrers to the state of or brains that does not allow us to have ideas for the future very well. We, as humans, have a difficult time planning for the future as opposed to our great planning for the present. For illustration, if I was running an ice cream business and I had to decide right then whether we going to start carrying cookies and cream in my store I would have little difficulty weigh the future cost vs. future benefit to make a decision. In contrast, if I had to decide for next year whether or not we would carry bubblegum, I would have great difficulty weighing the