The Main Disadvantage of Pipelines Is That They Can Only

question 25

True/False

The main disadvantage of pipelines is that they can only transport liquids.

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Definitions:

Imported Good

A product or service brought into one country from another country in a legitimate fashion, typically for use in trade.

Domestic Consumers

Domestic consumers refer to individuals and households within a country who purchase goods and services for personal use, contributing to the internal demand of the country's economy.

Net Welfare Loss

The loss in social welfare, usually due to inefficiencies in the market system or government intervention policies that lead to misallocation of resources.

Specific Tariff

A fixed fee imposed by a government on imported or exported goods, based on physical units like weight or quantity.