Induced effects occur primarily in the non-basic sector of the economy.

Name: Induced effects occur primarily in the non-basic sector of the economy.
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Question

Quizplus · Accepted Answer

Induced effects refer to the additional economic activity generated in sectors other than the initial or basic sector. This means that the non-basic sector of the economy, which includes industries that provide goods and services to the basic sector, is most likely to be affected by induced effects. Therefore, the statement is true.

Induced Effects Occur Primarily in the Non-Basic Sector of the Economy