TIGER/Line Files Are Created and Maintained By

question 7

Multiple Choice

TIGER/Line files are created and maintained by:

• A) USGS
• B) U.S. Department of Transportation
• C) NavTeq
• D) U.S. Census Bureau

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Definitions:

Close Substitutes

Products or services that can easily replace one another in the eyes of consumers, leading to competitive market dynamics.

Positive Profits

Positive profits occur when a business's total revenues exceed its total costs, indicating financial gain from its operations.

Long Run

Refers to a period where all factors of production and costs can be variable, allowing firms to adjust to changes in the business environment fully.

Short Run

A period in which at least one factor of production is fixed, allowing limited adjustments to changes in production or the business environment.