What Is a Major Cause of Negative Production Externalities Associated

question 115

Multiple Choice

What is a major cause of negative production externalities associated with the mining and processing of rare earth minerals?

• A) Processing of rare earth minerals generates radioactive wastes.
• B) Rare earth mining is often done in less-developed countries.
• C) Processing of rare earth minerals is very costly in countries that possess rare earth mineral deposits.
• D) Processing of rare earth minerals generates air pollutants.

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Definitions:

Adjusting Entries

Adjusting Entries are journal entries made in accounting records at the end of an accounting period to update accounts for accruals and deferrals not recorded during the period.

Real Account

An accounting record that represents assets, liabilities, and owner’s equity, and is not closed at the end of the accounting period but carried over to the next.

Nominal Account

An account related to income, expenses, losses, or gains—these accounts are closed out to the capital account at the end of an accounting period.

Income Summary

An account to which all income statement account balances are transferred at the end of an accounting period to show the period's profit or loss.