Your Assistant Wants to Use Secondary Data Exclusively for the Current

question 54

Multiple Choice

Your assistant wants to use secondary data exclusively for the current research project.You advise him that the use of secondary data has some potential problems.Which of the following is NOT one of them?

• A) It may not exist.
• B) It may not be relevant.
• C) It is generally more expensive to obtain than primary data.
• D) It may not be current.
• E) It may not be impartial.

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Definitions:

Consumption Bundle

A combination of different goods and services that a consumer chooses to consume given their budget constraints.

Slope

refers to the steepness, incline, or grade of a straight line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Indifference Curves

Graphical representations in microeconomics that show different bundles of goods between which a consumer is indifferent, meaning they have no preference for one over the other.

Consumption Bundle

A combination of various goods and services that an individual consumes at a given time.