Because economics recognizes that any action has costs,it is often counterintuitive in its ability to point out the unintended consequences of public choices.

Question

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Economics focuses on the concept of opportunity cost, which means that any action has a cost in terms of the value of the next best alternative foregone. Therefore, economic analysis often reveals unintended consequences of public decisions that may not be immediately apparent.

Because Economics Recognizes That Any Action Has Costs,it Is Often