Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
What are the advantages and disadvantages of shipping by rail? By air? By ship? By truck?
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Step 1
Transport refers to the physical means by which the commodities/goods are moved from one place to another, from the production site to where this product is needed for consumption: road, rail, river/ocean, and air modes for transport.
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