The Consequences of an Economic Change That Are Not Immediately

question 100

Multiple Choice

The consequences of an economic change that are not immediately identifiable but are felt only with the passage of time are known in economics as

• A) opportunity costs.
• B) utility curves.
• C) secondary effects.
• D) comparative advantages.

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Definitions:

Social Design

The creation of social environments and structures with the purpose of improving societal relations and addressing social issues.

Principal Players

Key or leading figures in a particular context, activity, or scenario, who play a significant role in determining its outcome.

Building Design

The art and science of planning and creating structures that meet specific aesthetic, functional, and environmental goals.

Imageable

Capable of being visualized or imagined; easily conjured up in the mind.