Which of the Following Is a Difference Between Primary and Secondary

question 14

Multiple Choice

Which of the following is a difference between primary and secondary research?

• A)Unlike primary research, secondary research can be gathered by means of traditional printed sources or by using electronic tools.
• B)Unlike secondary research, primary research provides information that has already been created by others.
• C) Unlike secondary research, primary research helps researchers save time and effort by not duplicating research that has already been undertaken.
• D) Unlike primary research, secondary research includes observation, experimentation, and normative surveys.

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Definitions:

Economic Activity

All actions that involve the production, distribution, and consumption of goods and services in an economy.

Tax Burden

The total amount of taxes that individuals or businesses must pay to the government.

Inelastic Demand

A market condition where the demand for a product does not change significantly with a change in its price.

Elastic Supply

A scenario in which the amount of a product available for sale markedly changes in response to its price adjustments.