Researcher Terry Anderson claims that with respect to the supply of water, trading it would be

a. wrong and counter-productive.
b. essentially impossible due to lack of technologies to move the water.
c. highly productive and bring cooperation among the traders.
d. a problem, since monopolists would come to own too much.

C

Economics

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If a country has a trade deficit then

a. S > I and Y > C + I + G. b. S > I and Y < C + I + G. c. S < I and Y > C + I + G. d. S < I and Y < C + I + G.

Economics

A set of strategies in which no player can improve his or her payoff by changing his or her own action is called a:

A. framing strategy. B. dominant strategy. C. Vickrey position. D. Nash equilibrium.

Economics