Secondary Data Are Data

question 1

Multiple Choice

Secondary data are data

• A) collected for the first time by the researcher for the specific research project at hand
• B) previously gathered for some other purpose
• C) that are outdated and no longer useful
• D) that are not necessary to answer the research question

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Definitions:

Aging

The process of becoming older or more mature, often emphasizing the biological and social changes associated with advancing age.

Income Elasticity

A measure of how much the quantity demanded of a good or service changes in response to a change in income, indicating how sensitive demand for the good is to income changes.

Normal Good

A type of good for which demand increases as the income of consumers increases.

Public Good

Every member of a society has access to certain goods or services without having to pay, thanks to provision by governmental agencies or private organizations or individuals, all without the motivation for profit.