Driving Around to Gather Information for Street Navigation Devices Is

question 92

Multiple Choice

Driving around to gather information for street navigation devices is called

• A) ground truthing.
• B) remote sensing.
• C) GIS programming.
• D) GPS grounding.
• E) GPS.

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Definitions:

Perfectly Inelastic

A market situation where the quantity demanded or supplied is completely unresponsive to price changes.

Demand Determined

A market characteristic where the quantity of products or services provided is primarily set by the level of demand.

Fixed Supply

A situation where the quantity of a specific good available in the market cannot be altered in the short term.

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of hours worked.