The prediction of permanent, growing shortages of fresh drinking water by the year 2050 assumes
A) water prices will increase.
B) water prices will decrease.
C) water prices will not adjust appropriately to coordinate the market.
D) nobody will be able to collect water from rain and snowstorms.
C
You might also like to view...
Rivalry among firms would tend to be highest if
a. the industry is growing quickly b. the industry is growing slowly c. the industry is shrinking d. None of the above
To increase the money supply, the Fed might: a. increase the reserve requirement and the discount rate
b. decrease the reserve requirement and the discount rate. c. increase the reserve requirement and decrease the discount rate. d. sell government securities and increase the discount rate. e. sell bonds on the open market and increase the reserve requirement.
A higher real interest rate ________ saving and ________ consumption spending.
A. increases; decreases B. does not change; does not change C. increases; increases D. decreases; increases
Income increases cause no change in a household's choice set.
Answer the following statement true (T) or false (F)