In Economics, Secondary Effects Refer to the

question 67

Multiple Choice

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.

---

Definitions:

Counter-Revenge

Actions or strategies designed to neutralize or respond to acts of revenge, aiming to de-escalate a conflict.

Revenge

A form of retaliation against someone for wrongs perceived by the avenger.

Making Amends

The act of trying to correct wrongs one has committed, often involving apologies and actions to repair harm.

Effective Apology

An apology that acknowledges wrongdoing, expresses regret, and takes responsibility for one's actions, aiming to repair harm and rebuild trust.