Sea transport is derived. (a) Explain how each of the following factors affects the demand for sea transport. (i) Political factors (ii) World economy (iii) Seaborne commodity trade (iv) Transport costs (b) Discuss four main factors driving the supply of shipping tonnage.

Sea transport is derived. (a) Explain how each of the following factors affects the demand for sea transport. (i) Political factors (ii) World economy (iii) Seaborne commodity trade (iv) Transport costs (b) Discuss four main factors driving the supply of shipping tonnage.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 11SCQ: The state of Colorado requires oil and gas companies who use fracking techniques to retune the land...

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1. Sea transport is derived.
(a) Explain how each of the following factors affects the demand for sea transport.
(i) Political factors
(ii) World economy
(iii) Seaborne commodity trade
(iv) Transport costs
(b) Discuss four main factors driving the supply of shipping tonnage.

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