Which of the Following Would Be Put at Risk by the Keystone

question 9

Multiple Choice

Which of the following would be put at risk by the Keystone XL pipeline?

• A)the Ogallala Aquifer
• B)the American bison
• C)Yellowstone National Park
• D)the Nebraska Sandhills
• E)Lake Michigan

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Definitions:

Inferior Good

A type of product for which demand decreases as the income of the consumer increases.

Cross Elasticity

Cross elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good, identifying substitute or complementary relationships.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to buy at a specific price level, at a given point in time.

Normal Good

A type of good for which demand increases as the income of consumers increases, and vice versa.