You Are Reviewing Secondary Data to Help with a Project

question 33

Multiple Choice

You are reviewing secondary data to help with a project concerning consumer preferences for television programs based on viewer income. Which of the following statements would not be of concern when considering the nature criteria for evaluating secondary data?

• A) It is possible to reconfigure the available data so that the resulting data are more useful to the problem at hand.
• B) The relationships examined should be taken into account.
• C) Secondary data may be measured in units that may not be appropriate for the current problem.
• D) The researcher must determine if the data are accurate enough for the purpose of the present study.

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Definitions:

National Debt

National Debt is the total amount of money owed by a country's government to creditors, which can result from borrowing to cover budget deficits.

Economy's Production

The total value of all goods and services produced by an economy over a specific period, reflecting its productive capacity.

Crowding Out

A situation in economics where increased government spending reduces private sector investment or spending due to higher interest rates.

Opportunity Cost

The financial impact of bypassing the next most favorable choice in a decision.