Fracking Involves

question 40

Multiple Choice

Fracking involves

• A) extracting certain forms of energy from rock formations.
• B) deep water drilling for energy with minimal externalities.
• C) the reduction of menu costs, thus allowing prices to adjust more freely.
• D) breaking down the production of goods, resulting in more competitive markets.

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Definitions:

Perfect Information

A scenario in economics where all parties have access to all relevant information about a transaction, market, or event before it occurs.

Strikes

Work stoppages initiated by employees as a form of protest against terms of employment or to demand better wages and conditions.

Secondary Boycott

A form of protest by workers refusing to deal with companies that do business with another company involved in a labor dispute.

Strike Replacements

Workers hired by an employer to perform the jobs of striking employees during a labor dispute.