Unintended consequences are the ______ effects of an action.
a. purposeful
b. unimportant
c. primary
d. secondary
d. secondary
Economics
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The way that a change in price determines whether or not consumers buy goods
a. elasticity of demand b. substitution effect c. law of demand d. complement e. substitute
Economics
A direct tax is on a _____, while an indirect tax is on a _____.
Fill in the blank(s) with the appropriate word(s).
Economics
A duopoly is an industry with two firms in it.
Answer the following statement true (T) or false (F)
Economics
Monetarists and Keynesians ________ on the impact of fiscal policy on the economy.
A. disagree B. at times agree and at other times disagree C. have no opinion D. agree
Economics