According to water resource economists
a. water is seldom in short supply anywhere in the world.
b. we are not running out of water, but specific places do run short of water, given the status of their water supply arrangements and ease (or lack of) transferability of water among users.
c. the world is running out of water, just as it is running out of accessible oil.
d. there is no workable way to make water markets function properly, because in the end, we can't make more water the way we can make more bread or automobiles.
B
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A disadvantage of ________made from precious metals is that it is very heavy and hard to transport from one place to another
A) commodity money B) fiat money C) electronic money D) paper money
Suppose a 10-mile taxi ride costs £6.50 in London and $10.00 in Los Angeles. If the exchange rate is £1 = $1.70 purchasing power parity holds
a. True b. False Indicate whether the statement is true or false
Which of the following products are not included in current U.S. GDP?
a. a Washington apple b. a Ford Mustang produced last year and sold this year c. a physical examination at a California health clinic d. All of the above are included in current U.S. GDP.
Along the long-run aggregate supply curve, the price level ____ with increases in aggregate demand
a. does not change b. increases c. decreases slightly d. decreases dramatically