If chemicals are produced that pollute a lake, local fishermen will not be able to catch fish. This is the example of:Question 3Select one:a.cost-benefit analysisb.negative externalityc.positive externalityd.deadweight loss
Question
If chemicals are produced that pollute a lake, local fishermen will not be able to catch fish. This is the example of:Question 3Select one:a.cost-benefit analysisb.negative externalityc.positive externalityd.deadweight loss
Solution
This is an example of a negative externality. Negative externalities occur when the consumption or production of a good causes a harmful effect to a third party. In this case, the chemical company is causing harm to the local fishermen who are not able to catch fish due to the pollution.
Similar Questions
Contamination of a freshwater lake with toxic chemicals (e.g. nitrates and phosphates) from urban runoff is an example of:Non-point source pollutionPoint-source pollutionNone of the answer alternativesIt is hard to determine
I am doing a college-level paper. My thesis statement is “Recently, Japan announced that it will be releasing treated water from the Fukushima nuclear power plant into the Pacific Ocean. Despite concerns over this decision, Japan’s fishing industry is likely to remain unaffected over the next decade due to it being safe as a result of Japan’s efforts to make the water unharmful and the country’s well-established global reputation for implementing strict safety and cleanliness protocols.” Explore how this decision might affect the livelihoods of local fishermen and fishing industries and analyze the economic implications on fish exports, international market perceptions, and consumer behavior.
Which of the following is an example of an environmental external failure cost?Question 4Answercleaning up of environmental damage within the plantcost of disposing of chemicals in land filldesign and installation of environmentally responsible equipmentdepreciation of monitoring and testing equipmentlegal fees related to chemical spill during transport to landfill
iv. Propose a solution to reduce the amount of nonpoint source pollutants in aquatic environments.BoldItalicUnderline
Hormones taken as medicine can harm fish when the hormones end up in waterways. What does this show about the impact of chemicals on the environment?A.Chemicals that help people may harm the environment.B.The benefits people get from the medicines are more important than the harm to the fish.C.People should not take medicine that could pollute the environment.D.Chemicals that are added to water always have harmful effects.SUBMITarrow_backPREVIOUS
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.