Which of the Following Is Not a Disadvantage of Secondary

question 18

Multiple Choice

Which of the following is not a disadvantage of secondary data?

• A) Secondary data may not be completely current or dependable.
• B) Secondary data may be lacking in accuracy.
• C) Secondary data may be expensive and time consuming.
• D) The objectives, nature, and methods used to collect the secondary data may not be appropriate to the present situation.

Understand how competition affects market prices and production levels.

Learn the principles of resource allocation in the presence of external costs and benefits.

Understand the effects of governmental policies, such as taxes and subsidies, on market equilibriums.

Recognize the significance of well-defined property rights in addressing externalities.