4. Hydraulic Fracking is the process of drilling and injecting fluid into the ground at a high pressure in order to fracture shale rocks to release natural gas inside to be sold as an energy source. Up to 600 chemicals are used in fracking fluid, including known carcinogens and toxins. This is an example of a... a. Negative production externality b. Negative consumption externality c. Positive production externality d. Positive consumption externality

4. Hydraulic Fracking is the process of drilling and injecting fluid into the ground at a high pressure in order to fracture shale rocks to release natural gas inside to be sold as an energy source. Up to 600 chemicals are used in fracking fluid, including known carcinogens and toxins. This is an example of a... a. Negative production externality b. Negative consumption externality c. Positive production externality d. Positive consumption externality

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

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Economics Question
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o ensure all students are protected from getting the flu this year, your school offers free flu shots. What type of externality exists in this example? Question 16 options: Negative consumption externality. Negative production externality. Positive production externality. Positive consumption externality. Neutral externality.
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1. Suppose Brazos County is considering preserving certain miles of Navasota River, but they have no clue how many miles of the river they should preserve. The county officials are seeking advice from a bright environmental economist. They contacted you for help. Suppose marginal benefit for preserving the river is given by P = 10 - ½ q and marginal costs are 2 + ½ q. You are asked to answer the following questions for the country office. Show the work. a) What is the net benefit of preserving six miles of the river? b) What is the benefit/cost ratio of preserving six miles of the river? c) How many miles of Navasota River should the Brazos County preserve? Why?