TIGER

question 51

Multiple Choice

TIGER:

• A)is a software package combining the ability to draw detailed maps with the power to search through databases.
• B)records data not available through the census and includes eleven indicators of economic growth.
• C)contains the names of every street in the country and detailed block statistics for 345 urban areas.
• D)breaks down the population,retail sales,etc.by census region.

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Definitions:

Public Utilities

Companies that provide essential services to the public such as water, electricity, and telecommunications, often subject to government regulation due to their nature of operation.

LRAC Curve

Long-Run Average Cost curve, showing the minimum average cost of production at different levels of output when all inputs are variable.

Total Cost

The complete cost of production, including both fixed and variable costs.

Barrier To Entry

Factors that prevent or hinder companies from entering a specific market or industry.