First order effects are defined as which of the following?
A) The subsequent, less observable effects of the change
B) The subsequent, more observable effects of the change
C) Higher order effects of the change
D) The immediately observable effects of changing one item on another

Question

Quizplus · Accepted Answer

First order effects refer to the immediate and directly observable impacts that occur as a result of a change, distinguishing them from subsequent or less directly observable effects.

First Order Effects Are Defined as Which of the Following