Assignment 1 January 27, 2018 1. An economist would like to determine how a new
ID: 1148790 • Letter: A
Question
Assignment 1 January 27, 2018 1. An economist would like to determine how a new legislation that is being considered in committee will impact the wages of local citizens in one small town. The economist surveys small businesses in the area to determine the possible consequences of the legislation. After the data is collected, the economist analyzes and draws conclusions about the potential consequence on wages as a result of the legislation. This type of research would be considered A Analytical B Applied C Theoretical D Academic os wosl Hlo to determine the ontimal strateay to use for postingExplanation / Answer
1. Option A is correct.
Because this is an example of analytical research which involves investigating a problem & finding a solution in an efficient manner. It needs analytical skills to identify issues & determine possible consequences.
2. Option B is correct.
Because secondary data is build off of primary data (here already published material). It involves summarizing, evaluating & analytically interpreting primary source. Secondary data uses primary data to see what others have discussed. It involves listing or arranging primary source to gather background information.
3. Option C is correct.
This is a stage where we are constructing a hypothesis based on a proposed theory or explanation for an observation, phenomenon or problem. A hypothesis is one which can be tested through further study or explanation. It is also testable.