Which of the Following Statements About Mining Is FALSE

question 82

Multiple Choice

Which of the following statements about mining is FALSE?

• A)Subsurface mining disturbs the land less than surface mining.
• B)Working in open-pit mines is safer for mine workers than shaft mines,
• C)One of the most significant environmental impacts of mineral production is the associated energy usage especially as most of the energy in mining is fossil fuel based.
• D)Acid mine drainage is a pollution problem only where the coal mines are located.

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Definitions:

Spillover Benefit

A positive effect experienced by bystanders or other parties not directly involved in the production or consumption of a good or service.

External Costs

Costs incurred by a third party as a result of an economic transaction that are not reflected in the transaction's price.

Product Differentiation

A strategy in which one firm’s product is distinguished from competing products by means of its design, related services, quality, location, or other attributes (except price).

Economic Profits

Economic Profits represent the excess returns a firm makes above its opportunity costs, accounting for both explicit and implicit costs.