When politicians support policies such as imposing punitive tariffs on imports, which are popular among voters but which also reduce economic efficiency, we refer to this as

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When politicians support policies that are popular among voters but reduce economic efficiency, it is referred to as voter failure. This is because the politicians are catering to the wishes of the voters rather than making decisions based on economic principles. Punitive tariffs on imports are an example of such a policy, as they make imported goods more expensive and reduce the competitiveness of domestic industries. While such policies may be popular among voters in the short-term, they can have negative long-term consequences for the economy.

When Politicians Support Policies Such as Imposing Punitive Tariffs on Imports