Which of the Following Is NOT an Advantage of Using

question 49

Multiple Choice

Which of the following is NOT an advantage of using the survey method?

• A)ease of use
• B)reliability
• C)cost
• D)validity
• E)All are advantages.

---

Definitions:

Land

In economics, land comprises all naturally occurring resources whose supply is inherently fixed.

Marginal Revenue Product (MRP)

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.

Diminishing Returns

A principle stating that as an additional unit of a factor of production is added, while other factors are held constant, the incremental increase in output will eventually decrease.

Nonreproducible

Refers to goods or assets that cannot be exactly replicated or duplicated, often due to uniqueness or specific characteristics.