Those Opposed to Fracking, a Method of Extracting Natural Gas

question 329

Multiple Choice

Those opposed to fracking, a method of extracting natural gas through breaking up underground rocks with chemicals and water, warn that this method might pollute nearby sources of drinking water.
-If this pollution occurs, the marginal social cost equals the

• A) marginal external cost.
• B) private marginal cost.
• C) sum of the private marginal cost and the marginal external cost.
• D) private marginal cost minus the marginal external cost.

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Definitions:

Initial Value

The beginning amount or worth of an object, financial asset, or parameter before it undergoes any changes.

Final Value

An alternative term for future value,indicating the amount of money an investment will grow to at a future date, based on specified conditions.

Airfares

The cost of a passenger flight ticket.

Winnipeg

A city in Canada, known as the capital of the province of Manitoba, with a diverse economy and cultural scene.