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olya-2409 [2.1K]
3 years ago
12

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
Business
1 answer:
olga nikolaevna [1]3 years ago
6 0

Answer:

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.

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