Water, when it is not tradeable among current and potential users, is often kept that way
a. by governments demanding tight control over who gets the water.
b. by nature, as water cannot be easily moved from place to place in large quantities.
c. to protect fish and other wildlife, rather than for any other reason.
d. by monopoly owners in the private sector.
A
Economics
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Any point on a production possibilities frontier (PPF) itself is
A) production efficient. B) unattainable. C) inefficient. D) equitable.
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An increase in the price of labor used to produce good Y will lead to
A) an increase in the market clearing price of good Y. B) an increase in the supply of good Y. C) a decrease in the demand for good Y. D) an increase in the demand for good Y.
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