Ask Question
26 October, 10:25

Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider effects that may only become observable over time. This statement most clearly emphasizes:

A. The fallacy of composition

B. Economizing behavior

C. The importance of secondary effects

D. The fact that association is not causation

+5
Answers (1)
  1. 26 October, 10:31
    0
    C. The importance of secondary effects

    Explanation:

    Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

    Secondary effects are long term and comes after the primary effect (first round of spending).

    It is also called induced economic effect.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider effects ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers