GPS Units Are
A)accurate Within 10 M $\frac { 1 } { 60 }$

question 3

Multiple Choice

GPS units are

• A)accurate within 10 m.
• B)a metric version of longitude and latitude.
• C) \(\frac { 1 } { 60 }\) th of a Greenwich Precision Second.
• D)not available to the public they are only available to the military.
• E)can be used to measure the speed of objects travelling outside Earth's atmosphere.

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Definitions:

Income Redistribution

The governmental policy or action of adjusting the distribution of income, usually through taxation and welfare programs, to achieve a fairer society.

Monopoly Sellers

Single sellers in a market with no close substitutes for the product or service they offer, giving them significant control over prices.

Allocative Inefficiency

A situation where resources are not optimally allocated according to consumer preferences, often leading to overproduction or underproduction of certain goods or services.

Monopolist

An entity that has exclusive control over the supply of a particular good or service, setting prices without facing competition.