The social costs of an activity are greater than the private costs of the activity when
A) a person does not pay all costs associated with a particular resource-using activity.
B) the internal costs of the resource-using activity are less than the external costs of the activity.
C) the internal costs of the resource-using activity are positive.
D) the external costs of the resource-using activity are zero.
Answer: A
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Which one of the following statements best describes projected water demands in the coming decades?
a. Global water demand will increase, but agricultural demand will decrease b. Water demand will increase significantly in all countries c. Global water demand will increase mainly due to increased agricultural demand d. Global water demand will increase mainly in developed countries e. Global water demand will remain relatively constant
Explain how a model can be useful even if it is not realistic
What will be an ideal response?