All of the Following Statements Are True About Surface Mining

question 14

Multiple Choice

All of the following statements are true about surface mining except

• A) It accounts for 60% of the coal mined in the United States
• B) It is also known as strip mining
• C) It is generally safer for miners than other coal mining processes
• D) It is a less expensive mining process than subsurface mining
• E) It is the most hazardous type of mining for workers

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Definitions:

Opportunity Costs

The loss incurred by not opting for the alternative that stands as the next best choice during decision-making.

Specialization

The process of focusing resources on a limited range of goods or services to gain efficiency or quality advantages.

Comparative Advantage

The capability of an entity to generate a specific product or offer a service with lesser marginal and opportunity costs compared to others.

Trade Benefits

Trade benefits refer to the advantages a country gains from engaging in international trade, such as increased economic growth, diversity of goods, and improved efficiency.