In economics, secondary effects refer to the
a. best alternative that must be forgone as the result of a choice.
b. unintended consequences of a change that are not immediately identifiable but are felt only with time.
c. immediate and visible intended consequences of a change.
d. impact of the scarcity of resources on the scarcity of the goods that are produced with those resources.
B
You might also like to view...
When the nominal dollar interest rate ________, money demand will ________, and the general price level will ________
A) increases; decrease; increase B) increases; increase; increase C) increases; decrease; decrease D) increases; increase; decrease E) decreases; increase; increase
Aggregate demand in an economy with no government or foreign trade is
A) consumer expenditure plus actual investment. B) consumer expenditure plus planned investment. C) consumer expenditure plus inventory investment. D) consumer expenditure plus fixed investment.
Explain why checks on principals might be necessary
What will be an ideal response?
If the demand for a good increases because consumer income increases, the good is a(n):
a. inferior good. b. normal good. c. necessity good. d. luxury good.