Question

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 emphasizesa.the fallacy of composition.b.economizing behavior.c.the importance of secondary effects.d.the fact that association is not causation

Answer 1

Answer:

c.the importance of secondary effects

Explanation:

Initial results are mostly simpler to see and quantify than secondary effects, and to imagine and calculate or measure the latter is a large part of the economists position.

Recognizing the significance of side effects is essential for a smart reading of a newspaper or magazine's financial pages.