Mountaintop Removal Has Been Used Extensively in the State of _____

question 87

Multiple Choice

Mountaintop removal has been used extensively in the state of _____ where over _____ have been removed.

• A)Michigan, 100
• B)Colorado, 50
• C)West Virginia, 300
• D)Virginia, 400
• E)Kentucky, 300

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Definitions:

Deadweight Loss

Deadweight loss is a loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, often due to market failures, taxes, or subsidies.

Excise Tax

A tax levied on specific goods or services at purchase such as alcohol, tobacco, and gasoline.

Elastic

Describes a situation in which the demand for a product or service significantly changes in response to a change in its price.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.