U.S. households use about 75 gallons of water per capita per day on the average because
A) the price they must pay for water is low.
B) there is so much fresh water in the U.S.
C) they use water in irrational ways.
D) water is a basic necessity of life.
E) water is a basic right.
A
Economics
You might also like to view...
A museum is NOT a public good if
A) there can be no congestion. B) the museum receives donations from members of the public. C) an entry fee is charged and people are denied entry if they do not pay. D) the general public typically does not go to the museum.
Economics
Jake sells Star Wars memorabilia on eBay. His annual revenue is $42,000 per year, the explicit costs of his business are $10,000, and the opportunity costs of his business are $18,000 per year. What is his economic profit?
A) $14,000 B) $24,000 C) $32,000 D) $34,000
Economics