All of the Following Are Considered Fossil Fuels Except ________

question 41

Multiple Choice

All of the following are considered fossil fuels except ________.

• A)hydrogen
• B)anthracite coal
• C)crude oil
• D)natural gas
• E)petroleum

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Definitions:

Negative Externality

A cost that is suffered by a third party as a result of an economic transaction.

Pigovian Externality

A situation where a market activity imposes a positive or negative cost or benefit on a third-party that is not reflected in the market price.

Free-Rider Problem

A situation in a shared-resource system where individuals consume more than their fair share or pay less than their fair share of the cost.

Free-Rider Problem

A situation where individuals consume a public good without contributing to its cost, undermining the provision of that good.