What Transportation Technology Is Needed to Take Advantage Economically of the Oil

question 73

Multiple Choice

What transportation technology is needed to take advantage economically of the oil wealth of Central Asia?

• A)highways
• B)specialized oil tankers
• C)pipelines
• D)canals
• E)railroads

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Definitions:

Production Possibilities

Refers to the various combinations of goods and services an economy can produce, given its available resources and technology.

Capital Goods

Durable goods that are used in the production of other goods or services, such as machinery and equipment.

Consumer Goods

Products that are purchased for consumption by the average consumer, as opposed to goods used in the production of other products.

Production Alternative D

A hypothetical option in a decision-making process for producing goods or services, often characterized by differences in technology, labor, or resources.