Distinguish Between Cross-Sectional and Longitudinal Research Methods

question 41

Essay

Distinguish between cross-sectional and longitudinal research methods.Provide an example of each.Identify at least one advantage and one disadvantage of each type of method.

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Definitions:

Future Price

The predicted price of a commodity, security, or currency in a futures contract for delivery and payment at a specified future date.

General Motors

A multinational corporation based in the United States that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Moral Hazard

A situation where one party in an agreement can take risks because the other party bears the consequences of those risks.

Theft

The act of stealing, or unlawfully taking someone else's property without their permission with the intent to permanently deprive them of it.