Use the Following Two Statements to Answer This Question: I

question 58

Multiple Choice

Use the following two statements to answer this question: I. Economic theories are developed to explain observed phenomena by deducing from a set of basic rules and assumptions.
II) Economic theories use value judgments to determine which people ought to pay more taxes.

• A) Both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) Both I and II are false.

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Definitions:

Secondary Data

Information that was collected by someone else for a different purpose but is being used as a source of data for a new research project.

Research Samples

Research samples consist of a segment of the population selected for a particular study, used to draw conclusions or generate findings about the larger group from which they were taken.

Data-Gathering

The process of collecting information from various sources to address a specific research question or business problem.

Secondary Information

Data or knowledge that has been previously collected and is used for research or analysis, not obtained through direct sources.