_______ Transport Is Considered Expensive but Fast, While _______ Transport

question 4

Multiple Choice

_______ transport is considered expensive but fast, while _______ transport is considered cheap but slow.

• A) Air, water
• B) Water, land
• C) Land, air
• D) All are equal in cost and speed

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Definitions:

Goods And Services

Physical products and intangible activities that fulfill the wants or needs of consumers and can be offered in a market for acquisition.

Markets For Factors

Markets where factors of production like land, labor, and capital are bought and sold.

Labor Exchange

The process whereby workers and employers connect or interact to facilitate employment, often mediated by a platform or agency.

Income

Monetary gains received consistently from either occupational efforts or investments.