In the Flint Hills Area of Kansas, Proposals to Build

question 29

Multiple Choice

In the Flint Hills area of Kansas, proposals to build wind turbines to generate electricity have pitted environmentalist against environmentalist. Members of the Kansas Sierra Club support the turbines as a way to reduce use of fossil fuel, but local chapters of the Nature Conservancy say they will befoul the landscape. An argument that supports the Sierra Club position is that that wind turbines:

• A) internalize negative externalities.
• B) reduce negative externalities elsewhere in the economy.
• C) create a free rider problem.
• D) are a way of solving a free rider problem.

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Definitions:

Partnership Law

The branch of law that governs the operations, rights, and obligations of parties in a partnership, including the formation, management, and dissolution of partnerships.

Written Contract

A legally binding agreement between two or more parties, explicitly detailed in a written document rather than agreed upon orally.

Sole Proprietorship

A type of business enterprise owned and managed by one person, where there is no legal distinction between the owner and the business.

Advantages

Benefits or positive aspects of a particular situation, strategy, or choice.