What Is the Drawback of Using Data from the U

question 64

Multiple Choice

What is the drawback of using data from the U.S. Census Bureau?

• A) The information in the Census is only for metropolitan areas.
• B) The information included is gathered only once every 10 years.
• C) It is expensive to purchase and retailers usually find other means for the information.
• D) The Census provides only numbers of people in an area, not specifics like household income, level of education, etc.
• E) The information provided requires interpretation by analysts.

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Definitions:

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, typically noted on an annual basis.

Futures Contracts

Agreements to buy or sell an asset at a predetermined future date and price.

Spot Price

The present market rate at which a specific asset like a commodity, currency, or security is available for purchase or sale with immediate delivery.

Sale Of Corn

typically refers to the transaction or process of selling the agricultural product corn, which can be influenced by various factors such as market demand, quality, and harvest yield.