The Use of Secondary Analysis of Data Has Become Very

question 73

Multiple Choice

The use of secondary analysis of data has become very popular because:

• A) it is cheaper but never as good as collecting your own data
• B) it is faster because the data is readily available
• C) scholarly journals are now publishing primarily data gathered from secondary analysis
• D) because it is always considered valid

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Definitions:

Decreasing Opportunity Costs

A situation where the cost of forgoing the next best alternative decreases as more units of a product are produced.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two or more goods and services that can be produced with available resources and technology.

Opportunity Costs

The cost of choosing one option over another, represented by the value of the opportunities or benefits the second-best choice would have provided.