Pipelines Have Limited Use and Accessibility and Are Used Primarily

question 39

True/False

Pipelines have limited use and accessibility and are used primarily for products like oil and natural gas.

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Definitions:

Derived Demand

The demand for resources (inputs) that is dependent on the demand for the outputs those resources can be used to produce.

Inputs Demand

The desire or requirement for factors of production, like labor and capital, that businesses need to produce goods or services.

Demand for Outputs

The quantity of goods and services that consumers and businesses are willing and able to purchase at various prices during a certain period of time.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production.