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Why is corrosion of iron considered a serious economic problem?

Question
Why is corrosion of iron considered a serious economic problem?
Iron is very rare
An enormous amount of money is spent every year to replace damaged iron
Corroded iron becomes explosive
Corrosion makes iron heavier and harder to transport
Answer
An enormous amount of money is spent every year to replace damaged iron
Detailed Explanation
The chapter notes that corrosion of iron is a serious problem, and an enormous amount of money is spent every year to replace damaged iron objects.
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