A Technique for Extracting Gold That Has Been Outlawed in the United

question 66

Multiple Choice

A technique for extracting gold that has been outlawed in the United States is

• A)contour strip mining
• B)hydraulic mining
• C)mountaintop removal
• D)subsurface mining
• E)All of these mining methods are still legal for extracting gold in the United States.

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Definitions:

Demand

The desire of purchasers to buy a certain good or service, combined with their ability and willingness to pay for it.

Price

The monetary value assigned to a product or service for purchase.

Good Bought

Refers to a product or service that has been purchased by a consumer or organization.

Equilibrium Price

Equilibrium price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market situation.