Data Collected for the First Time Through Observation or Surveys

question 104

Multiple Choice

Data collected for the first time through observation or surveys is

• A)secondary data.
• B)external data.
• C)primary data.
• D)a marketing information system.

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Definitions:

Rational Expectations Theory

A concept suggesting that individuals make decisions based on their rational outlook, available information, and past experiences.

Certainty Equivalent Theory

A concept in decision theory that quantifies the value of a risky asset in terms of a certain amount of money.

Supply-Side Policy

Economic strategies aimed at increasing the production capacity of an economy by improving the conditions for businesses and producers.

Government Spending

The total amount of public expenditures by the government, including salaries, infrastructure projects, and public services.