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:

Free Trade

The elimination of tariffs, quotas, and other trade barriers between countries to allow for the unrestricted exchange of goods and services.

Autarky Price

The price of goods in a closed economy that does not engage in international trade.

Domestic Supply

The total amount of goods and services produced within a country that is available for purchase.

Domestic Demand

The total demand for goods and services within a country's borders, excluding exports and including imports.