Use the Following to Answer the Questions

question 29

Multiple Choice

Use the following to answer the questions.
Colin Jackson recently purchased Blue Waters Adventures,a kayak and canoeing rental business near the Chatsworth River in Arizona.Even though the winters in the area can be cold,kayaking and canoeing activities are generally popular year-round.After two months of operation,it became clear why the previous owners had sold the business: even though it seemed to be ideally located,sales were extremely disappointing.
-Refer to Scenario 4.2.Besides administering the questionnaire,Colin observed people who went kayaking and canoeing on the Chatsworth River,making notes about their appearance and behavior.The type of data he collected are ____ data.

• A) indirect
• B) mechanical
• C) secondary
• D) primary
• E) direct

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Definitions:

Price Support

The term used to refer to price floors applied to farm commodities; the minimum price that the government allows farmers to receive for farm commodities like wheat or corn.

Farm Incomes

Farm incomes encompass the earnings and revenue generated from agricultural activities, reflecting the financial health and viability of farming operations.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price.

National Income

Total income earned by resource suppliers for their contributions to gross domestic product plus taxes on production and imports; the sum of wages and salaries, rent, interest, profit, proprietors’ income, and such taxes.