The Unintended Consequences of an Economic Change That Are Not

question 34

Multiple Choice

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

• A) opportunity costs.
• B) marginal effects.
• C) secondary effects.
• D) scarcity constraints.

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Definitions:

Savings Account

An account for holding deposits at a bank or another financial entity, ensuring the safety of the principal amount while offering a slight interest rate.

Annual Interest

The amount of interest due over the course of a year on borrowed capital or invested funds.

Accounting Profits

The difference between a company's total revenue and its explicit costs, not including opportunity costs.

Savings Account

A deposit account held at a bank or financial institution that pays interest but typically has limited transactions.