Question

Short answer: To lower the price of oil and reduce dependence on foreign imports, a federal government is debating whether to open large stretches of its coastline to domestic drilling. Evaluate this plan in terms of two ecosystem services that the country might gain and two services the country might lose if the coastline is opened for drilling. In your answer, be sure to explain how a perceived negative externality might become an internal cost.

Answer 1

Answer:

This drilling enhances economy of the country but at the same time disturbs aquatic animals.

Explanation:

Due to drilling at coastline, oil should be extracted from the sea which fulfills the oil requirement of the country and valuable money can earned by exporting this oil. Due to this drilling, the habitat of aquatic animals are destroyed and no trade should be done from this coastline with other countries because the area is now only for drilling. So this plans has both positive effect on the country's economy but has negative impacts on the environment and ecosystem.