Primary Data

question 26

Multiple Choice

Primary data

• A)result from reading what others have experienced or observed and recorded.
• B)come from firsthand experience and observation.
• C)are the only type of factual information that should be included in informal reports.
• D)include printed materials found in libraries or through electronic resources.

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Definitions:

Equilibrium Quantity

The amount of goods supplied that is equal to the amount of goods demanded in a market, reached at the intersection of the supply and demand curves.

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at that price.

Exchange Rate

The price of one currency expressed in terms of another currency.

Appreciated

An increase in the value of an asset or currency in comparison to other assets, currencies, or benchmarks.