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"Mediocre Economists Often Consider Only the Immediate Apparent Effects of a Change

Question 83

Multiple Choice

"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.

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