The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Why might drought actually cause fire risk to reduce in a desert area?

Part 1: A completely saturated sample of sandstone has a bulk density of 2.61 g/cm³, an effective porosity of 10 percent, and a total porosity of 12 percent. Determine the density of the solid phase (i.e., the density of the mineral). Part 2: One cubic meter of quartz sand has a dry mass of 2,320 kg. a) Calculate the porosity of the sand. b) Calculate the mass (in kg) of the sand for the following degrees of saturation: 25 percent, 75 percent, 100 percent. Part 3: A sample of quartz sand has a dry mass of 753.7 kg and a volume of 0.36 m³. a) Calculate the porosity of the sand. b) Calculate the mass (in kg) of the sand assuming a degree of saturation equal to 62 percent.

What is an oxbow lake and how is it formed?

Answer 2

Question

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Answer 6

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Answer 7

Chapter 14, Problem 1CR

To determine

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Answer 8

Expert Solution & Answer

Answer to Problem 1CR

Mining of gold is carried out using cyanide. It requires a huge workforce and money for the extraction of gold. Thus, the real cost of gold is more than that paid by people. In addition to this, cyanide also has harmful impacts on nature.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The real cost of gold is less than that paid by most of the people. It is due to the fact that the mining of gold requires a lot of workforce and economy. Most of the gold mining operation is carried out by spraying cyanide salt on the pile of crushed rocks. This solution drains off the rock piles, and gold is left. The solution of cyanide is drained into the water resources, soils, and thereby harm the living organisms of the area. The gold mining industries had to manage the safety of environment also. It increases the cost of the extraction of gold. This is the reason due to which gold is sold at higher prices as compared to its real cost.

The cost that is not accounted includes water pollution in the pond, loss of plants and animals in the ponds, soil erosion, and soil pollution. Some forests are also cut down during the exploration of gold and its excavation. Therefore, the price of gold does not account for the harmful impact on the environment.

Answer 12

Ch. 14 - Prob. 1CR Ch. 14 - Prob. 2CR Ch. 14 - Prob. 3CR Ch. 14 - Prob. 4CR Ch. 14 - Prob. 5CR Ch. 14 - Prob. 6CR Ch. 14 - Prob. 7CR Ch. 14 - Prob. 8CR Ch. 14 - Prob. 9CR Ch. 14 - Prob. 10CR

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

The reason why the real cost of gold is more costly than what most people pay for it. Give some examples of costs not accounted for.

Answer to Problem 1CR

Explanation of Solution

Want to see more full solutions like this?

Chapter 14 Solutions