Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.
<u>Explanation:</u>
According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.
In his words, short-termism is a problem because;
- "it prevents the CEO from buying really expensive safety equipment"
- "prevents teachers from spending quality one-on-one time with their students".
So in summary what Wallach is saying is that short-termism prevents futuristic thinking.
Answer:
The nominal value at the end of 17 years = $7,455.34
The real value at the end of 17 years = $2,437.95
Explanation:
Value at the end of 17 years = present value x (1+ interest rate)^t
The nominal value at the end of 17 years = $1,475 x (1.1)^17 = $7,455.34
The real value at the end of 17 years = $1,475 x (1.03)^17 = $2,437.95
